Desjardins Upgrades Stella-Jones Inc. (SJ) to Buy
Stella-Jones Inc. (TSE:SJ) was upgraded by Desjardins from a “hold” rating to a “buy” rating in a report released on Monday.
Other research analysts also recently issued reports about the company. TD Securities decreased their price objective on Stella-Jones from C$59.00 to C$56.00 and set a “buy” rating for the company in a report on Thursday, August 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$56.00 price objective on shares of Stella-Jones in a report on Wednesday, July 20th. Finally, Scotiabank reiterated a “sector perform” rating and set a C$53.00 price objective on shares of Stella-Jones in a report on Thursday, August 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$54.58.
Stella-Jones (TSE:SJ) opened at 45.95 on Monday. The firm has a market capitalization of $3.18 billion and a price-to-earnings ratio of 19.64. The stock’s 50 day moving average price is $44.96 and its 200-day moving average price is $46.99. Stella-Jones has a one year low of $39.00 and a one year high of $54.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 23rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.87%.
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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