Stella-Jones Inc (SJ) PT Raised to C$47.00
Stella-Jones Inc (TSE:SJ) had its price target raised by analysts at Scotiabank from C$45.00 to C$47.00 in a research report issued on Monday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential downside of 4.16% from the stock’s current price.
Several other research analysts have also commented on the stock. National Bank Financial boosted their price objective 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. Royal Bank Of Canada reiterated an “outperform” rating and set a C$56.00 price objective on shares of Stella-Jones in a research note on Tuesday, October 17th. Finally, TD Securities boosted their price objective on shares of Stella-Jones from C$44.00 to C$48.00 and gave the stock a “hold” rating in a research note on Thursday, August 10th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$48.29.
Stella-Jones (TSE:SJ) opened at C$49.04 on Monday. Stella-Jones has a 52 week low of C$37.17 and a 52 week high of C$51.19.
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In other Stella-Jones news, Director Glen Ritchie sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$48.70, for a total transaction of C$48,700.00.
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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