Stella-Jones (TSE:SJ) Given New C$89.00 Price Target at CIBC

Stella-Jones (TSE:SJ) had its target price decreased by CIBC from C$90.00 to C$89.00 in a research report sent to investors on Friday,BayStreet.CA reports.

SJ has been the topic of a number of other reports. Royal Bank Of Canada raised their price target on Stella-Jones from C$78.00 to C$87.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 8th. Cibc World Mkts cut shares of Stella-Jones from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Scotiabank boosted their target price on shares of Stella-Jones from C$81.00 to C$88.00 in a report on Friday, October 17th. National Bankshares upped their price target on shares of Stella-Jones from C$92.00 to C$95.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, TD Securities lifted their price target on shares of Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$91.33.

Stella-Jones Trading Up 2.3%

Shares of Stella-Jones stock traded up C$1.89 during trading hours on Friday, reaching C$83.75. 101,386 shares of the company’s stock were exchanged, compared to its average volume of 112,624. Stella-Jones has a 52-week low of C$62.26 and a 52-week high of C$84.87. The company has a fifty day moving average of C$79.56 and a 200-day moving average of C$77.46. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. The firm has a market capitalization of C$4.60 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 2.40 and a beta of -0.10.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.