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

Stella-Jones (TSE:SJ) had its price objective cut by equities research analysts at CIBC from C$90.00 to C$89.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 6.27% from the company’s current price.

A number of other brokerages also recently weighed in on SJ. Royal Bank Of Canada boosted their price target on shares of Stella-Jones from C$78.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Scotiabank increased their target price on shares of Stella-Jones from C$81.00 to C$88.00 in a research report on Friday, October 17th. Desjardins raised their price target on shares of Stella-Jones from C$89.00 to C$92.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Cibc World Mkts downgraded Stella-Jones from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Finally, TD Securities raised their target price on Stella-Jones from C$90.00 to C$97.00 and gave the stock a “buy” rating in a research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$91.33.

Stella-Jones Stock Performance

Stella-Jones stock traded up C$1.89 during mid-day trading on Friday, reaching C$83.75. 101,386 shares of the company’s stock were exchanged, compared to its average volume of 112,624. The business’s fifty day simple moving average is C$79.44 and its 200 day simple moving average is C$77.34. The firm has a market capitalization of C$4.63 billion, a PE ratio of 14.10, a P/E/G ratio of 2.40 and a beta of -0.10. Stella-Jones has a one year low of C$62.26 and a one year high of C$84.87. The company has a quick ratio of 1.20, a current ratio of 6.85 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.