BMO Capital Markets Reiterates “C$32.00” Price Target for Norbord (OSB)

BMO Capital Markets set a C$32.00 target price on Norbord (TSE:OSB) in a report released on Friday. The brokerage currently has an underperform rating on the stock.

Other research analysts also recently issued reports about the stock. CSFB boosted their price objective on shares of Norbord from C$50.00 to C$54.00 in a research report on Friday, October 20th. CIBC boosted their price objective on shares of Norbord from C$53.00 to C$54.00 in a research report on Thursday, October 19th. TD Securities lowered their price objective on shares of Norbord to C$50.00 and set a hold rating on the stock in a research report on Tuesday, October 31st. Finally, Scotiabank reaffirmed an outperform rating and set a C$55.00 price objective on shares of Norbord in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$49.38.

Norbord (TSE:OSB) opened at C$44.10 on Friday. Norbord has a 1 year low of C$35.20 and a 1 year high of C$51.75. The company has a market cap of $3,820.00, a P/E ratio of 6.96 and a beta of 2.06.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Thursday, March 1st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date is Wednesday, February 28th. Norbord’s dividend payout ratio (DPR) is presently 18.31%.

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About Norbord

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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