Stella-Jones Inc (SJ) Reaches New 12-Month High Following Analyst Upgrade
Stella-Jones Inc (TSE:SJ)’s share price reached a new 52-week high during trading on Tuesday after National Bank Financial raised their price target on the stock from C$48.00 to C$52.00. National Bank Financial currently has a sector perform rating on the stock. Stella-Jones traded as high as C$50.05 and last traded at C$49.81, with a volume of 84,988 shares. The stock had previously closed at C$48.49.
SJ has been the subject of a number of other research reports. TD Securities increased their target price on shares of Stella-Jones from C$44.00 to C$48.00 and gave the company a “hold” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$56.00 target price on shares of Stella-Jones in a research report on Tuesday. Finally, Scotiabank increased their target price on shares of Stella-Jones from C$41.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Thursday, August 10th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of C$48.00.
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.
The firm has a market capitalization of $3.43 billion and a P/E ratio of 24.75. The firm’s 50-day moving average is $48.06 and its 200-day moving average is $44.68.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.89%.
Stella-Jones Company Profile
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.
Receive News & Ratings for Stella-Jones Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stella-Jones Inc and related companies with MarketBeat.com's FREE daily email newsletter.