Stella-Jones Given “Sector Perform” Rating at CIBC (SJ)
Stella-Jones (TSE:SJ)‘s stock had its “sector perform” rating restated by equities researchers at CIBC in a research report issued on Thursday, AnalystRatings.NET reports. They currently have a C$5.00 price target on the stock. CIBC’s price objective indicates a potential downside of 82.48% from the stock’s previous close.
Stella-Jones (TSE:SJ) traded up 0.60% during mid-day trading on Thursday, hitting $28.54. The stock had a trading volume of 53,468 shares. Stella-Jones has a 1-year low of $15.00 and a 1-year high of $30.36. The stock’s 50-day moving average is $26.50 and its 200-day moving average is $24.36. The company has a market cap of $1.960 billion and a P/E ratio of 23.02.
A number of other analysts have also recently weighed in on SJ. 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 LB Securities raised their price target on shares of Stella-Jones from C$128.00 to C$133.00 in a research note to investors on Wednesday, October 9th. They now have a “top pick” rating on the stock. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price 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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