Brokerages Set Stella-Jones Inc. (TSE:SJ) Price Target at C$50.14

Stella-Jones Inc. (TSE:SJGet Rating) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$50.14.

Several analysts have recently issued reports on the company. CIBC increased their price objective on Stella-Jones from C$41.00 to C$46.00 and gave the company an “outperform” rating in a research note on Friday, August 12th. Royal Bank of Canada increased their price objective on Stella-Jones from C$40.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Thursday, August 11th. TD Securities raised their price target on Stella-Jones from C$45.00 to C$48.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Scotiabank cut their price target on Stella-Jones from C$56.00 to C$50.00 in a research note on Thursday, August 11th. Finally, Desjardins restated a “buy” rating on shares of Stella-Jones in a research note on Wednesday, August 10th.

Stella-Jones Stock Up 1.7 %

Shares of TSE SJ opened at C$41.20 on Thursday. The stock has a market cap of C$2.51 billion and a P/E ratio of 13.25. The company has a current ratio of 5.85, a quick ratio of 1.43 and a debt-to-equity ratio of 63.96. Stella-Jones has a 12-month low of C$30.54 and a 12-month high of C$46.51. The business’s fifty day simple moving average is C$37.63 and its 200-day simple moving average is C$36.78.

Stella-Jones Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Tuesday, September 6th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, September 2nd. Stella-Jones’s dividend payout ratio (DPR) is currently 24.44%.

Stella-Jones Company Profile

(Get Rating)

Stella-Jones Inc produces and markets pressure-treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and wood utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers for outdoor applications; industrial products, including bridge and crossing timbers, foundation and marine piling, construction timbers, crane mats, fence posts, and highway guardrail posts; and coal tar-based products.

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Analyst Recommendations for Stella-Jones (TSE:SJ)

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