RBC Capital Reiterates Outperform Rating for Stella-Jones (SJ)
Stella-Jones (TSE:SJ)‘s stock had its “outperform” rating reiterated by investment analysts at RBC Capital in a note issued to investors on Thursday, ARN reports. They currently have a C$31.00 price target on the stock. RBC Capital’s price objective suggests a potential upside of 8.62% from the stock’s previous close.
Stella-Jones (TSE:SJ) traded up 0.60% during mid-day trading on Thursday, hitting $28.54. 53,468 shares of the company’s stock traded hands. Stella-Jones has a 52-week low of $15.00 and a 52-week high of $30.36. The stock has a 50-day moving average of $26.50 and a 200-day moving average of $24.36. The company has a market cap of $1.960 billion and a price-to-earnings ratio of 23.02.
A number of other firms have also recently commented on SJ. Analysts at CIBC reiterated a “sector perform” rating on shares of Stella-Jones in a research note to investors on Thursday. They now have a C$5.00 price target on the stock. Separately, analysts at Scotiabank cut their price target on shares of Stella-Jones from C$104.00 to C$26.00 in a research note to investors on Tuesday. They now have a “sector perform” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Stella-Jones from C$100.00 to C$104.00 in a research note to investors on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Stella-Jones presently has an average rating of “Buy” and a consensus price target of C$85.44.
Stella-Jones Inc (TSE:SJ) is a producer and marketer of industrial treated wood products, specializing in the production of railway ties and timbers, as well as wood poles supplied to electrical utilities and telecommunication companies.
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