Stella-Jones (TSE:SJ) Given New C$79.00 Price Target at Scotiabank

Stella-Jones (TSE:SJ) had its price objective decreased by Scotiabank from C$85.00 to C$79.00 in a report released on Monday,BayStreet.CA reports.

SJ has been the subject of several other research reports. CIBC upgraded shares of Stella-Jones from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$83.00 to C$86.00 in a research report on Wednesday, January 15th. Cibc World Mkts raised Stella-Jones from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada reduced their price objective on Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th. Finally, TD Securities dropped their target price on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Stella-Jones currently has a consensus rating of “Buy” and a consensus target price of C$86.60.

Stella-Jones Stock Down 3.3 %

SJ stock opened at C$66.42 on Monday. The firm has a 50-day moving average price of C$70.40 and a 200-day moving average price of C$78.76. Stella-Jones has a 12 month low of C$65.13 and a 12 month high of C$98.00. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. The stock has a market capitalization of C$3.72 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64.

Stella-Jones Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 1st will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.87%. This is an increase from Stella-Jones’s previous quarterly dividend of $0.28. Stella-Jones’s dividend payout ratio is presently 19.56%.

Insider Buying and Selling

In other news, Director Patrick Kirkham purchased 2,035 shares of the stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of C$70.36 per share, for a total transaction of C$143,179.34. 0.14% of the stock is owned by corporate insiders.

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.