Royal Bank Of Canada initiated coverage on shares of Stella-Jones Inc. (TSE:SJ) in a report issued on Wednesday, reports. The brokerage issued an outperform rating and a C$56.00 price target on the stock.

A number of other equities research analysts have also recently weighed in on the stock. TD Securities cut their price objective 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. GMP Securities restated a buy rating on shares of Stella-Jones in a research note on Wednesday, September 28th. Desjardins upgraded shares of Stella-Jones from a hold rating to a buy rating in a research note on Monday, September 19th. Finally, 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of C$54.58.

Analyst Recommendations for Stella-Jones (TSE:SJ)

Shares of Stella-Jones (TSE:SJ) opened at 44.86 on Wednesday. Stella-Jones has a 1-year low of $39.00 and a 1-year high of $54.00. The firm’s 50 day moving average is $44.74 and its 200 day moving average is $46.69. The firm has a market capitalization of $3.11 billion and a PE ratio of 19.17.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 23rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, August 31st.

About Stella-Jones

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.

Stock Target Prices

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