Stella-Jones Inc. (TSE:SJ) Receives C$88.50 Average PT from Analysts

Stella-Jones Inc. (TSE:SJ) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$88.50.

Several equities research analysts have commented on SJ shares. Cibc World Mkts upgraded Stella-Jones from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. TD Securities lowered their target price on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. CIBC upgraded Stella-Jones from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$83.00 to C$86.00 in a research note on Wednesday, January 15th. Royal Bank of Canada reduced their price target on Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. Finally, Scotiabank reduced their price target on Stella-Jones from C$95.00 to C$85.00 in a report on Thursday, November 7th.

Insider Buying and Selling

In related news, Director Patrick Kirkham purchased 2,035 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of C$70.36 per share, with a total value of C$143,179.34. Company insiders own 0.14% of the company’s stock.

Stella-Jones Stock Performance

TSE SJ opened at C$70.29 on Friday. The business’s 50-day moving average price is C$70.42 and its 200 day moving average price is C$79.42. Stella-Jones has a twelve month low of C$65.13 and a twelve month high of C$98.00. The company has a market capitalization of C$3.93 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53.

About Stella-Jones

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.