Stella-Jones Inc (SJ) Given Average Rating of “Hold” by Brokerages
Stella-Jones Inc (TSE:SJ) has received an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$48.00.
SJ has been the subject of a number of recent research reports. National Bank Financial lifted their price objective on Stella-Jones from C$42.00 to C$48.00 in a research report on Thursday, August 10th. TD Securities lifted their price objective on Stella-Jones from C$44.00 to C$48.00 and gave the stock a “hold” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$56.00 price objective on shares of Stella-Jones in a research report on Tuesday, October 17th. Finally, Scotiabank lifted their price objective on Stella-Jones from C$41.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 10th.
In other Stella-Jones news, Director Glen Ritchie sold 1,000 shares of Stella-Jones stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of C$48.70, for a total value of C$48,700.00.
Shares of Stella-Jones (TSE:SJ) opened at 49.99 on Friday. The company has a 50 day moving average of $48.66 and a 200-day moving average of $45.32. Stella-Jones has a one year low of $37.17 and a one year high of $51.19. The stock has a market cap of $3.47 billion and a price-to-earnings ratio of 25.00.
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Stella-Jones Inc is a Canada-based company, which is a producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. It manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal tar-based products.
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