Stella-Jones Inc. (SJ) PT Lowered to C$53.00
Stella-Jones Inc. (TSE:SJ) had its target price decreased by equities researchers at Royal Bank Of Canada from C$56.00 to C$53.00 in a report released on Wednesday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 24.38% from the stock’s current price.
Several other research firms also recently commented on SJ. TD Securities decreased their target price on shares of Stella-Jones from C$59.00 to C$56.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. Scotiabank restated 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. Desjardins upgraded shares of Stella-Jones from a “hold” rating to a “buy” rating in a research note on Monday, September 19th. Finally, GMP Securities restated a “buy” rating on shares of Stella-Jones in a research note on Wednesday, September 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Stella-Jones currently has a consensus rating of “Buy” and an average price target of C$52.25.
Stella-Jones (TSE:SJ) opened at 42.58 on Wednesday. Stella-Jones has a 12-month low of $39.00 and a 12-month high of $54.00. The stock has a 50 day moving average of $45.74 and a 200 day moving average of $46.59. The firm has a market capitalization of $2.95 billion and a price-to-earnings ratio of 18.20.
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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