Analysts at Royal Bank Of Canada began coverage on shares of Stella-Jones Inc. (TSE:SJ) in a note issued to 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 target points to a potential upside of 27.77% from the company’s current price.
Other equities analysts have also recently issued research reports about the stock. GMP Securities reissued a “buy” rating on shares of Stella-Jones in a research note on Wednesday, September 28th. Desjardins raised shares of Stella-Jones from a “hold” rating to a “buy” rating in a research note on Monday, September 19th. Scotiabank reissued a “sector perform” rating and set a C$53.00 target price on shares of Stella-Jones in a research note on Thursday, August 11th. Finally, TD Securities lowered their target price on shares of Stella-Jones from C$59.00 to C$56.00 and set a “buy” rating on the stock in a research note on Thursday, August 11th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$54.58.
Stella-Jones (TSE:SJ) opened at 43.83 on Wednesday. Stella-Jones has a 52 week low of $39.00 and a 52 week high of $54.00. The stock has a market cap of $3.04 billion and a P/E ratio of 18.73. The company’s 50 day moving average is $44.65 and its 200 day moving average is $46.71.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 23rd were paid a $0.10 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.91%.
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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