Stella-Jones (TSE:SJ) had its target price raised by equities research analysts at Scotiabank from C$47.00 to C$48.00 in a research report issued on Monday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential downside of 6.18% from the company’s current price.
Several other research firms also recently commented on SJ. TD Securities boosted their price target on shares of Stella-Jones from C$49.00 to C$51.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. National Bank Financial boosted their price target on shares of 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. Desjardins boosted their price target on shares of Stella-Jones from C$49.00 to C$54.00 in a research note on Thursday, January 25th. Royal Bank of Canada restated an “outperform” rating and issued a C$56.00 price target on shares of Stella-Jones in a research note on Tuesday, October 17th. Finally, Laurentian boosted their price target on shares of Stella-Jones from C$55.00 to C$57.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$53.71.
Stella-Jones (TSE:SJ) opened at C$51.16 on Monday. The company has a market cap of $3,530.00, a price-to-earnings ratio of 26.24 and a beta of 0.66. Stella-Jones has a 12 month low of C$38.12 and a 12 month high of C$51.74.
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Stella-Jones Inc produces and markets pressure treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber to retailers and wholesalers for use in decks, fences, patios, and other outdoor applications; and industrial products, including bridge timbers and docks, foundation and marine pilings, highway guardrail posts, panelized railway crossings, and construction timbers.
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