Scotiabank Issues Positive Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its target price hoisted by Scotiabank from C$81.00 to C$88.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other research analysts have also recently commented on the stock. 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 report on Thursday, October 9th. Desjardins raised their target price on shares of Stella-Jones from C$89.00 to C$92.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada boosted their price target on shares of Stella-Jones from C$78.00 to C$87.00 and gave the company a “sector perform” rating in a report on Wednesday, October 8th. Finally, CIBC boosted their price target on shares of Stella-Jones from C$89.00 to C$90.00 in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Stella-Jones has a consensus rating of “Buy” and an average price target of C$90.33.

Stella-Jones Trading Down 0.1%

TSE SJ opened at C$80.50 on Friday. The company’s 50-day moving average price is C$78.86 and its 200-day moving average price is C$75.93. 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 stock has a market cap of C$4.45 billion, a PE ratio of 13.55, a PEG ratio of 2.40 and a beta of -0.07. Stella-Jones has a 12 month low of C$62.26 and a 12 month high of C$89.73.

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.