Royal Bank Of Canada assumed coverage on shares of Stella-Jones Inc. (TSE:SJ) in a research note issued to investors on Wednesday, StockTargetPrices.com reports. The brokerage issued an outperform rating and a C$56.00 target price on the stock.
Other research analysts have also issued research reports about the stock. Scotiabank reaffirmed a sector perform rating and set a C$53.00 price objective on shares of Stella-Jones in a research report on Thursday, August 11th. TD Securities dropped their price target on shares of Stella-Jones from C$59.00 to C$56.00 and set a buy rating for the company in a research report on Thursday, August 11th. Desjardins raised shares of Stella-Jones from a hold rating to a buy rating in a research report on Monday, September 19th. Finally, GMP Securities reissued a buy rating on shares of Stella-Jones in a research report on Wednesday, September 28th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of C$54.58.
Shares of Stella-Jones (TSE:SJ) opened at 44.80 on Wednesday. Stella-Jones has a one year low of $39.00 and a one year high of $54.00. The company has a market cap of $3.10 billion and a PE ratio of 19.15. The company’s 50-day moving average price is $44.68 and its 200 day moving average price is $46.71.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 23rd were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.40 annualized dividend and a yield of 0.89%.
Stella-Jones Inc is a Canada-based producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and electrical utilities and telecommunication companies with utility poles. It also provides residential lumber and customized services to retailers and wholesalers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal-tar based products.
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