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

Stella-Jones Inc. (TSE:SJ) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings 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 twelve-month target price among analysts that have covered the stock in the last year is C$88.00.

SJ has been the topic of several recent analyst reports. TD Securities dropped their target price on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Scotiabank cut their price target on shares of Stella-Jones from C$95.00 to C$85.00 in a report on Thursday, November 7th. Royal Bank of Canada lowered their target price on shares of Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th. Finally, CIBC reduced their price target on shares of Stella-Jones from C$99.00 to C$83.00 in a research report on Thursday, November 7th.

Insider Buying and Selling at Stella-Jones

In other Stella-Jones news, Senior Officer Richard Cuddihy purchased 500 shares of Stella-Jones stock in a transaction dated Wednesday, November 13th. The shares were bought at an average cost of C$70.85 per share, for a total transaction of C$35,424.00. Also, Director Rhodri Harries bought 5,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average price of C$70.50 per share, with a total value of C$352,500.00. Insiders bought 12,785 shares of company stock valued at $896,221 over the last 90 days. 0.14% of the stock is owned by corporate insiders.

Stella-Jones Stock Up 0.7 %

Shares of Stella-Jones stock opened at C$73.50 on Thursday. The company has a market cap of C$4.14 billion, a P/E ratio of 11.87, a PEG ratio of 2.40 and a beta of 0.64. The firm has a fifty day moving average of C$73.81 and a two-hundred day moving average of C$84.74. The company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57. Stella-Jones has a one year low of C$67.13 and a one year high of C$98.00.

Stella-Jones Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were given a dividend of $0.28 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.52%. Stella-Jones’s dividend payout ratio (DPR) is 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.