National Bank Financial Lowers Stella-Jones Inc. (SJ) Price Target to C$50.00
Stella-Jones Inc. (TSE:SJ) had its price objective lowered by research analysts at National Bank Financial from C$55.00 to C$50.00 in a research note issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 17.34% from the company’s previous close.
Several other analysts have also recently commented on the stock. Royal Bank Of Canada decreased their price target on shares of Stella-Jones from C$56.00 to C$53.00 and set an “outperform” rating on the stock in a research note on Wednesday. GMP Securities reissued a “buy” rating on shares of Stella-Jones in a research note on Wednesday, September 28th. Desjardins raised shares of Stella-Jones from a “hold” rating to a “buy” rating in a research note on Monday, September 19th. TD Securities reduced their price objective on shares of Stella-Jones from C$59.00 to C$56.00 and set a “buy” rating on the stock in a research note on Thursday, August 11th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$53.00 price objective on shares of Stella-Jones in a research note on Thursday, August 11th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$52.25.
Stella-Jones (TSE:SJ) opened at 42.58 on Wednesday. The stock’s 50 day moving average is $45.74 and its 200 day moving average is $46.59. The stock has a market capitalization of $2.95 billion and a PE ratio of 18.20. Stella-Jones has a 12-month low of $39.00 and a 12-month high of $54.00.
Stella-Jones Company Profile
Stella-Jones Inc is a Canada-based producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and electrical utilities and telecommunication companies with utility poles. It also provides residential lumber and customized services to retailers and wholesalers 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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