Stella-Jones (TSE:SJ) Price Target Raised to C$76.00

Stella-Jones (TSE:SJ) had its target price lifted by Royal Bank of Canada from C$75.00 to C$76.00 in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the stock. CIBC reduced their target price on shares of Stella-Jones from C$86.00 to C$79.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Cibc World Mkts raised shares of Stella-Jones from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Scotiabank dropped their price target on Stella-Jones from C$85.00 to C$79.00 in a research report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Stella-Jones has a consensus rating of “Buy” and an average target price of C$86.17.

Stella-Jones Trading Up 1.5 %

TSE SJ opened at C$73.62 on Thursday. The stock’s 50 day moving average is C$67.25 and its 200 day moving average is C$70.65. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53. The firm has a market capitalization of C$4.12 billion, a PE ratio of 12.86, a P/E/G ratio of 2.40 and a beta of 0.64. Stella-Jones has a twelve month low of C$62.26 and a twelve month high of C$98.00.

Stella-Jones Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 1st were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.68%. This is an increase from Stella-Jones’s previous quarterly dividend of $0.28. Stella-Jones’s dividend payout ratio (DPR) is presently 19.56%.

Insiders Place Their Bets

In other news, Director James Augustus Manzi sold 1,000 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of C$65.79, for a total value of C$65,788.60. 0.14% of the stock is owned by insiders.

Stella-Jones Company Profile

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.