Norbord Inc (TSE:OSB) PT Raised to C$31.00 at BMO Capital Markets

Norbord Inc (TSE:OSB) had its target price hoisted by BMO Capital Markets from C$28.00 to C$31.00 in a research note published on Monday, July 31st. They currently have a market perform rating on the stock.

Several other research analysts have also recently issued reports on OSB. CIBC increased their price objective on Norbord from C$36.00 to C$43.00 in a research note on Monday, April 24th. Scotiabank upped their target price on Norbord from C$42.50 to C$44.00 and gave the stock an outperform rating in a report on Wednesday, May 3rd. Raymond James Financial, Inc. upped their target price on Norbord from C$47.00 to C$54.00 and gave the stock a strong-buy rating in a report on Wednesday, May 3rd. TD Securities restated a buy rating and set a C$48.00 target price on shares of Norbord in a report on Wednesday, May 3rd. Finally, Canaccord Genuity upgraded Norbord from a neutral rating to an outperform rating and increased their price objective for the company from C$43.00 to C$47.00 in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Norbord currently has an average rating of Buy and a consensus price target of C$45.28.

Shares of Norbord (TSE:OSB) opened at 40.83 on Monday. The stock’s 50 day moving average price is $41.47 and its 200 day moving average price is $39.44. Norbord has a 12-month low of $28.91 and a 12-month high of $44.65. The company has a market cap of $3.52 billion and a P/E ratio of 13.43.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 1st will be given a dividend of $0.398 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from Norbord’s previous quarterly dividend of $0.30. This represents a $1.59 dividend on an annualized basis and a dividend yield of 3.90%.

Norbord Company Profile

Norbord Inc is a Canada-based producer of wood-based panels. The Company is engaged in manufacturing, sales, marketing and distribution of panelboards and related products used in the construction of new homes or the renovation and repair of existing structures. Its geographic segments include North America and Europe.

Analyst Recommendations for Norbord (TSE:OSB)

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