Stella-Jones Inc (TSE:SJ) had its target price increased by Acumen Capital from C$50.50 to C$55.00 in a research report released on Wednesday morning. The firm currently has a buy rating on the stock.
SJ has been the subject of several other research reports. TD Securities increased their price target on Stella-Jones from C$48.00 to C$49.00 and gave the stock a hold rating in a research note on Friday, November 17th. National Bank Financial increased their price target on Stella-Jones from C$48.00 to C$52.00 and gave the stock a sector perform rating in a research note on Tuesday, October 17th. Royal Bank Of Canada reiterated an outperform rating and set a C$56.00 price target on shares of Stella-Jones in a research note on Tuesday, October 17th. Finally, Scotiabank increased their price target on Stella-Jones from C$45.00 to C$47.00 and gave the stock a sector perform rating in a research note on Monday, November 6th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Stella-Jones has a consensus rating of Hold and an average price target of C$49.25.
Stella-Jones (TSE:SJ) opened at C$50.56 on Wednesday. Stella-Jones has a 12 month low of C$37.17 and a 12 month high of C$51.35.
In related news, Director Glen Ritchie sold 1,000 shares of the 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 Company Profile
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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