The Stella-Jones Inc. (SJ) PT Lowered to C$40.00 at Scotiabank

The Stella-Jones Inc. (SJ) PT Lowered to C$40.00 at Scotiabank

Stella-Jones Inc. (TSE:SJ) had its target price trimmed by Scotiabank from C$53.00 to C$40.00 in a research note released on Monday morning. The firm currently has a sector perform rating on the stock.

Several other brokerages also recently issued reports on SJ. National Bank Financial lowered their price objective on shares of Stella-Jones from C$50.00 to C$41.00 and set a sector perform rating on the stock in a research report on Monday. Desjardins raised shares of Stella-Jones from a hold rating to a buy rating in a research report on Monday, September 19th. GMP Securities reissued a buy rating on shares of Stella-Jones in a research report on Wednesday, September 28th. Royal Bank Of Canada downgraded shares of Stella-Jones from an outperform rating to a sector perform rating and lowered their price objective for the stock from C$50.00 to C$42.00 in a research report on Monday. Finally, TD Securities downgraded shares of Stella-Jones from a buy rating to a hold rating and lowered their price objective for the stock from C$56.00 to C$50.00 in a research report on Wednesday, November 9th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of C$43.13.

Stella-Jones (TSE:SJ) opened at 38.85 on Monday. Stella-Jones has a 52-week low of $37.17 and a 52-week high of $51.55. The firm has a market cap of $2.69 billion and a P/E ratio of 15.99. The company’s 50 day moving average is $43.12 and its 200 day moving average is $44.94.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 21st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Wednesday, November 30th.

About Stella-Jones

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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