Stella-Jones Inc (TSE:SJ) had its target price increased by National Bank Financial from C$48.00 to C$52.00 in a report released on Tuesday, October 17th. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Stella-Jones’ Q3 2017 earnings at $0.61 EPS, Q4 2017 earnings at $0.35 EPS, FY2017 earnings at $2.04 EPS, FY2018 earnings at $2.51 EPS and FY2019 earnings at $2.70 EPS.
Other equities analysts also recently issued reports about the company. TD Securities boosted their price objective on Stella-Jones from C$44.00 to C$48.00 and gave the stock a hold rating in a research report on Thursday, August 10th. Royal Bank Of Canada reissued an outperform rating and set a C$56.00 price objective on shares of Stella-Jones in a research report on Tuesday, October 17th. Finally, Scotiabank boosted their price objective on Stella-Jones from C$41.00 to C$45.00 and gave the stock a sector perform rating in a research report on Thursday, August 10th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Stella-Jones has an average rating of Hold and a consensus target price of C$48.00.
Stella-Jones (SJ) traded up C$0.59 during trading hours on Tuesday, reaching C$47.48. The company’s stock had a trading volume of 90,200 shares, compared to its average volume of 73,491. Stella-Jones has a 52 week low of C$37.17 and a 52 week high of C$51.19.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Monday, December 4th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, December 1st.
In related news, Director Glen Ritchie sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of C$48.70, for a total transaction of C$48,700.00.
Stella-Jones Inc is a Canada-based company, which is a producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. It manufactures and distributes residential lumber and accessories to retailers 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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