Stella-Jones Inc (TSE:SJ) Given Average Recommendation of “Hold” by Brokerages
Shares of Stella-Jones Inc (TSE:SJ) have received an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$43.71.
SJ has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$42.00 target price on shares of Stella-Jones in a research note on Monday, April 3rd. TD Securities upped their target price on Stella-Jones from C$43.00 to C$44.00 and gave the company a “hold” rating in a research note on Friday, May 5th. Finally, Scotiabank upped their target price on Stella-Jones from C$40.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Friday, May 5th.
Shares of Stella-Jones (TSE:SJ) opened at 43.85 on Friday. The firm has a market cap of $3.04 billion and a PE ratio of 21.09. Stella-Jones has a 12-month low of $37.17 and a 12-month high of $49.44. The company has a 50 day moving average price of $43.90 and a 200 day moving average price of $42.18.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 27th. Shareholders of record on Tuesday, June 27th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, June 1st.
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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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