Royal Bank Of Canada Begins Coverage on Stella-Jones Inc. (SJ)
Stock analysts at Royal Bank Of Canada initiated coverage on shares of Stella-Jones Inc. (TSE:SJ) in a note issued to investors on Wednesday, StockTargetPrices.com reports. The brokerage set an “outperform” rating and a C$56.00 price target on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 25.59% from the stock’s previous close.
Several other equities analysts also recently commented on SJ. TD Securities decreased their price objective on shares of Stella-Jones from C$59.00 to C$56.00 and set a “buy” rating on the stock in a report on Thursday, August 11th. Scotiabank reiterated a “sector perform” rating and issued a C$53.00 price objective on shares of Stella-Jones in a report on Thursday, August 11th. GMP Securities reiterated a “buy” rating on shares of Stella-Jones in a report on Wednesday, September 28th. Finally, Desjardins upgraded shares of Stella-Jones from a “hold” rating to a “buy” rating in a report on Monday, September 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$54.58.
Stella-Jones (TSE:SJ) traded down 0.78% on Wednesday, reaching $44.24. 5,045 shares of the company were exchanged. Stella-Jones has a 12-month low of $39.00 and a 12-month high of $54.00. The firm has a market capitalization of $3.06 billion and a PE ratio of 18.91. The stock has a 50 day moving average of $44.64 and a 200 day moving average of $46.75.
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The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 23rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.90%.
Stella-Jones Company Profile
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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