Royal Bank Of Canada started coverage on shares of Stella-Jones Inc. (TSE:SJ) in a research report report published on Wednesday morning, StockTargetPrices.com reports. The firm issued an outperform rating and a C$56.00 price objective on the stock.
Other analysts have also recently issued research reports about the company. Scotiabank reiterated a sector perform rating and set a C$53.00 target price on shares of Stella-Jones in a report on Thursday, August 11th. TD Securities decreased their target price on Stella-Jones from C$59.00 to C$56.00 and set a buy rating for the company in a report on Thursday, August 11th. Desjardins upgraded Stella-Jones from a hold rating to a buy rating in a report on Monday, September 19th. Finally, GMP Securities reiterated a buy rating on shares of Stella-Jones in a report on Wednesday, September 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of C$54.58.
Stella-Jones (TSE:SJ) opened at 44.26 on Wednesday. The stock’s 50 day moving average is $44.64 and its 200-day moving average is $46.73. The stock has a market capitalization of $3.07 billion and a price-to-earnings ratio of 18.91. Stella-Jones has a 12 month low of $39.00 and a 12 month high of $54.00.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 23rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.90%. The ex-dividend date was Wednesday, August 31st.