Stella-Jones Inc (SJ) Given Consensus Recommendation of “Hold” by Analysts
Stella-Jones Inc (TSE:SJ) has received an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$49.25.
A number of equities analysts have weighed in on the company. Acumen Capital boosted their target price on Stella-Jones from C$50.50 to C$55.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Securities boosted their target price on Stella-Jones from C$48.00 to C$49.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. National Bank Financial boosted their target price on Stella-Jones from C$48.00 to C$52.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a C$56.00 target price on shares of Stella-Jones in a research report on Tuesday, October 17th. Finally, Scotiabank boosted their target price on Stella-Jones from C$45.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Monday, November 6th.
In other Stella-Jones news, Director Glen Ritchie sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of C$48.70, for a total value of C$48,700.00.
Stella-Jones (TSE SJ) opened at C$51.10 on Thursday. Stella-Jones has a one year low of C$37.17 and a one year high of C$51.23.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Monday, December 4th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, December 1st. Stella-Jones’s dividend payout ratio is 22.05%.
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.
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