Royal Bank Of Canada Begins Coverage on Stella-Jones Inc. (SJ)
Investment analysts at Royal Bank Of Canada started coverage on shares of Stella-Jones Inc. (TSE:SJ) in a research report issued to clients and 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 company’s previous close.
A number of other equities research analysts have also recently issued reports on the company. Desjardins raised Stella-Jones from a “hold” rating to a “buy” rating in a research report on Monday, September 19th. GMP Securities reaffirmed a “buy” rating on shares of Stella-Jones in a research report on Wednesday, September 28th. Scotiabank reaffirmed a “sector perform” rating and set a C$53.00 target price on shares of Stella-Jones in a research report on Thursday, August 11th. Finally, TD Securities decreased their target price on 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Stella-Jones presently has an average rating of “Buy” and a consensus target price of C$54.58.
Shares of Stella-Jones (TSE:SJ) opened at 44.59 on Wednesday. Stella-Jones has a 52-week low of $39.00 and a 52-week high of $54.00. The company has a 50 day moving average of $44.64 and a 200 day moving average of $46.75. The firm has a market capitalization of $3.09 billion and a PE ratio of 19.06.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 23rd were given 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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