Stella-Jones Inc (SJ) Receives Consensus Rating of “Hold” from Brokerages
Shares of Stella-Jones Inc (TSE:SJ) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have covered the stock in the last year is C$45.86.
A number of research analysts have weighed in on the company. TD Securities upped their target price on Stella-Jones from C$44.00 to C$48.00 and gave the stock a “hold” rating in a report on Thursday, August 10th. National Bank Financial raised their target price on Stella-Jones from C$42.00 to C$48.00 in a research note on Thursday, August 10th. Finally, Scotiabank raised their target price on Stella-Jones from C$41.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Thursday, August 10th.
In other news, Director Glen Ritchie sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of C$48.70, for a total transaction of C$48,700.00.
Stella-Jones (TSE SJ) opened at 48.66 on Wednesday. The firm has a market capitalization of $3.37 billion and a P/E ratio of 24.33. The company’s 50-day moving average price is $47.26 and its 200-day moving average price is $44.13. Stella-Jones has a 1-year low of $37.17 and a 1-year high of $49.41.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.44 annualized dividend and a yield of 0.90%.
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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