Analysts Set Stella-Jones Inc. (TSE:SJ) Target Price at C$88.00

Shares of Stella-Jones Inc. (TSE:SJ) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$88.00.

A number of equities analysts have commented on the stock. Royal Bank of Canada dropped their target price on shares of Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday, November 7th. CIBC dropped their price objective on Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday, November 7th. TD Securities decreased their target price on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Scotiabank dropped their price target on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th.

Insider Buying and Selling at Stella-Jones

In other Stella-Jones news, Director Rhodri Harries bought 5,000 shares of Stella-Jones stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average cost of C$70.50 per share, with a total value of C$352,500.00. Also, Senior Officer Richard Cuddihy purchased 500 shares of the stock in a transaction on Wednesday, November 13th. The stock was acquired at an average cost of C$70.85 per share, with a total value of C$35,424.00. Insiders have purchased 12,785 shares of company stock worth $896,221 over the last quarter. Insiders own 0.14% of the company’s stock.

Stella-Jones Trading Up 1.3 %

TSE SJ opened at C$74.47 on Thursday. The stock has a market cap of C$4.20 billion, a PE ratio of 12.03, a PEG ratio of 2.40 and a beta of 0.64. Stella-Jones has a 12 month low of C$67.13 and a 12 month high of C$98.00. The company’s 50-day moving average price is C$73.58 and its 200-day moving average price is C$84.66. The company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08.

Stella-Jones Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, December 2nd. Stella-Jones’s dividend payout ratio (DPR) is currently 18.09%.

About Stella-Jones

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.