Royal Bank Of Canada Begins Coverage on Stella-Jones Inc. (SJ)
Equities research analysts at Royal Bank Of Canada assumed coverage on shares of Stella-Jones Inc. (TSE:SJ) in a research report issued to clients and investors on Wednesday. The brokerage set an “outperform” rating and a C$56.00 price target on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 25.59% from the stock’s previous close.
SJ has been the topic of several other reports. GMP Securities reaffirmed a “buy” rating on shares of Stella-Jones in a research note on Wednesday, September 28th. Desjardins raised shares of Stella-Jones from a “hold” rating to a “buy” rating in a research note on Monday, September 19th. Scotiabank reaffirmed a “sector perform” rating and set a C$53.00 price target on shares of Stella-Jones in a research note on Thursday, August 11th. Finally, TD Securities decreased their price target 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Stella-Jones presently has a consensus rating of “Buy” and a consensus price target of C$54.58.
Stella-Jones (TSE:SJ) opened at 44.59 on Wednesday. The company’s 50-day moving average is $44.64 and its 200-day moving average is $46.75. Stella-Jones has a 52-week low of $39.00 and a 52-week high of $54.00. The firm has a market capitalization of $3.09 billion and a price-to-earnings ratio of 19.06.
The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 23rd were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.90%.
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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