Scotiabank Reiterates Sector Perform Rating for Stella-Jones Inc. (SJ)
Stella-Jones Inc. (TSE:SJ)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Scotiabank in a research note issued to investors on Wednesday. They currently have a C$53.00 price objective on the stock. Scotiabank’s target price points to a potential upside of 24.38% from the company’s previous close.
Several other brokerages also recently issued reports on SJ. TD Securities cut their target price 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. Desjardins raised shares of Stella-Jones from a “hold” rating to a “buy” rating in a research note on Monday, September 19th. GMP Securities reissued a “buy” rating on shares of Stella-Jones in a research note on Wednesday, September 28th. Royal Bank Of Canada reissued an “outperform” rating and set a C$56.00 target price on shares of Stella-Jones in a research note on Wednesday, July 20th. Finally, National Bank Financial cut their target price on shares of Stella-Jones from C$55.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$52.25.
Stella-Jones (TSE:SJ) opened at 42.58 on Wednesday. Stella-Jones has a 52-week low of $39.00 and a 52-week high of $54.00. The stock has a market capitalization of $2.95 billion and a price-to-earnings ratio of 18.20. The firm has a 50-day moving average price of $45.74 and a 200 day moving average price of $46.59.
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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