National Bank Financial Raises Stella-Jones Inc (SJ) Price Target to C$52.00
Stella-Jones Inc (TSE:SJ) had its price objective boosted by National Bank Financial from C$48.00 to C$52.00 in a research note released on Tuesday morning. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Stella-Jones’ Q3 2017 earnings at $0.61 EPS, Q4 2017 earnings at $0.35 EPS, FY2017 earnings at $2.04 EPS, FY2018 earnings at $2.51 EPS and FY2019 earnings at $2.70 EPS.
Other analysts also recently issued reports about the stock. Scotiabank upped their price objective on shares of Stella-Jones from C$41.00 to C$45.00 and gave the company a sector perform rating in a report on Thursday, August 10th. TD Securities upped their price objective on shares of Stella-Jones from C$44.00 to C$48.00 and gave the company a hold rating in a report on Thursday, August 10th. Finally, Royal Bank Of Canada reaffirmed an outperform rating and issued a C$56.00 price objective on shares of Stella-Jones in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of C$48.00.
Stella-Jones (TSE:SJ) opened at 49.44 on Tuesday. The firm has a 50-day moving average of $48.26 and a 200 day moving average of $44.89. The company has a market capitalization of $3.43 billion and a P/E ratio of 24.72. Stella-Jones has a 52-week low of $37.17 and a 52-week high of $49.57.
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The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Wednesday, August 30th.
In related news, Director Glen Ritchie sold 1,000 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of C$48.70, for a total transaction of C$48,700.00.
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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