Stella-Jones Inc (SJ) Given Average Rating of “Hold” by Brokerages
Shares of Stella-Jones Inc (TSE:SJ) have been assigned an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$43.71.
Several research firms have weighed in on SJ. Desjardins cut shares of Stella-Jones from a “buy” rating to a “hold” rating and lowered their price target for the company from C$45.00 to C$43.00 in a report on Monday, March 20th. TD Securities reissued a “hold” rating and issued a C$43.00 price target on shares of Stella-Jones in a report on Monday, March 20th. Royal Bank Of Canada increased their price target on shares of Stella-Jones from C$42.00 to C$45.00 and gave the company a “sector perform” rating in a report on Monday, May 8th. Finally, Scotiabank increased their price target on shares of Stella-Jones from C$40.00 to C$41.00 and gave the company a “sector perform” rating in a report on Friday, May 5th.
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In related news, Director Nycol Pageau-Goyette purchased 2,520 shares of the stock in a transaction on Wednesday, March 29th. The shares were purchased at an average cost of C$38.86 per share, with a total value of C$97,927.20.
Shares of Stella-Jones (TSE:SJ) opened at 43.74 on Monday. The firm has a market capitalization of $3.03 billion and a P/E ratio of 21.04. Stella-Jones has a 52-week low of $37.17 and a 52-week high of $49.72. The company’s 50-day moving average price is $43.78 and its 200-day moving average price is $42.11.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 27th. Shareholders of record on Tuesday, June 27th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.44 annualized dividend and a yield of 1.01%.
Stella-Jones Company Profile
Stella-Jones Inc is a Canada-based company, which is a producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. It manufactures and distributes residential lumber and accessories to retailers 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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