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

Stella-Jones Inc. (TSE:SJ) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$88.00.

Several brokerages have issued reports on SJ. Scotiabank dropped their price target on Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday, November 7th. CIBC dropped their target price on shares of Stella-Jones from C$99.00 to C$83.00 in a research report on Thursday, November 7th. TD Securities cut their target price on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Royal Bank of Canada decreased their price target on shares of Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday, November 7th.

Stella-Jones Stock Down 3.6 %

Shares of TSE:SJ opened at C$69.24 on Thursday. Stella-Jones has a 1 year low of C$67.13 and a 1 year high of C$98.00. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. The business’s 50-day moving average is C$72.97 and its 200-day moving average is C$84.44. The company has a market capitalization of C$3.90 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 2.40 and a beta of 0.64.

Stella-Jones Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, December 2nd. Stella-Jones’s dividend payout ratio is currently 18.09%.

Insider Transactions at Stella-Jones

In other news, Director Patrick Kirkham bought 2,035 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of C$70.36 per share, for a total transaction of C$143,179.34. Also, Director Rhodri Harries purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost of C$70.50 per share, for a total transaction of C$352,500.00. Insiders acquired a total of 12,785 shares of company stock valued at $896,221 over the last three months. Corporate insiders own 0.14% of the company’s stock.

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.