Stella-Jones Inc. (SJ) Raised to Buy at Desjardins

Desjardins upgraded shares of Stella-Jones Inc. (TSE:SJ) from a hold rating to a buy rating in a report released on Monday morning.

Analyst Recommendations for Stella-Jones (TSE:SJ)

Other analysts have also recently issued reports about the stock. Scotiabank restated a sector perform rating and set a C$53.00 price objective on shares of Stella-Jones in a research note on Thursday, August 11th. TD Securities decreased their target price on shares of Stella-Jones from C$59.00 to C$56.00 and set a buy rating for the company in a research note on Thursday, August 11th. Finally, Royal Bank Of Canada reiterated an outperform rating and issued a C$56.00 target price on shares of Stella-Jones in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of C$54.58.

Stella-Jones (TSE:SJ) opened at 46.08 on Monday. The stock has a market capitalization of $3.19 billion and a PE ratio of 19.69. The firm has a 50 day moving average of $44.95 and a 200-day moving average of $46.99. Stella-Jones has a 52 week low of $39.00 and a 52 week high of $54.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 31st.

Stella-Jones Company Profile

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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