Shares of Stella-Jones Inc (TSE:SJ) reached a new 52-week high on Wednesday after Acumen Capital raised their price target on the stock from C$50.50 to C$55.00. Acumen Capital currently has a buy rating on the stock. Stella-Jones traded as high as C$51.23 and last traded at C$50.80, with a volume of 79597 shares changing hands. The stock had previously closed at C$50.79.

A number of other equities analysts have also recently weighed in on the company. TD Securities raised their price objective on Stella-Jones from C$48.00 to C$49.00 and gave the company a “hold” rating in a report on Friday, November 17th. Scotiabank raised their price objective on Stella-Jones from C$45.00 to C$47.00 and gave the company a “sector perform” rating in a report on Monday, November 6th. National Bank Financial raised their price objective on Stella-Jones from C$48.00 to C$52.00 and gave the company a “sector perform” rating in a report on Tuesday, October 17th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a C$56.00 price objective on shares of Stella-Jones in a report on Tuesday, October 17th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of C$49.25.

In other news, Director Glen Ritchie sold 1,000 shares of Stella-Jones 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.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders 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 of this dividend is Friday, December 1st. Stella-Jones’s dividend payout ratio (DPR) is 22.05%.

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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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