Analysts Set Norbord Inc (OSB) Price Target at $52.92

Shares of Norbord Inc (TSE:OSB) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$52.92.

Several equities research analysts recently issued reports on OSB shares. CIBC lifted their price target on shares of Norbord from C$45.00 to C$50.00 in a report on Monday, March 19th. Scotiabank lifted their target price on shares of Norbord from C$55.00 to C$55.50 and gave the stock an “outperform” rating in a research report on Friday, May 4th. Raymond James lifted their target price on shares of Norbord from C$65.00 to C$66.00 in a research report on Tuesday, April 10th. Finally, CSFB downgraded shares of Norbord from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 1st.

Norbord stock traded down C$0.51 during mid-day trading on Monday, reaching C$53.83. The company’s stock had a trading volume of 74,571 shares, compared to its average volume of 323,140. Norbord has a 12 month low of C$38.58 and a 12 month high of C$58.92.

Norbord (TSE:OSB) last posted its earnings results on Thursday, May 3rd. The company reported C$1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.24 by C$0.15. Norbord had a net margin of 26.85% and a return on equity of 66.95%. The company had revenue of C$728.14 million during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 21st. Stockholders of record on Friday, June 1st will be given a $0.60 dividend. The ex-dividend date is Thursday, May 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.46%.

About Norbord

Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.

Analyst Recommendations for Norbord (TSE:OSB)

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