Stella-Jones Inc (TSE:SJ) hit a new 52-week high on Monday . The company traded as high as C$50.39 and last traded at C$50.15, with a volume of 36,115 shares changing hands. The stock had previously closed at C$49.11.
A number of analysts have commented on the stock. Scotiabank upped their price objective on shares of Stella-Jones from C$41.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Thursday, August 10th. National Bank Financial upped their price objective on shares of Stella-Jones from C$42.00 to C$48.00 in a research note on Thursday, August 10th. TD Securities upped their price objective on shares of Stella-Jones from C$44.00 to C$48.00 and gave the company a “hold” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$56.00 price objective on shares of Stella-Jones in a research note on Tuesday, October 17th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Stella-Jones presently has an average rating of “Hold” and an average target price of C$48.00.
The company has a market capitalization of $3.49 billion and a price-to-earnings ratio of 25.15. The stock has a 50 day moving average price of $48.30 and a 200-day moving average price of $44.97.
In other news, Director Glen Ritchie sold 1,000 shares of Stella-Jones stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of C$48.70, for a total transaction of C$48,700.00.
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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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