Stella-Jones (SJ) Price Target Raised to C$48.00 at Scotiabank

Stella-Jones (TSE:SJ) had its price target increased by equities research analysts at Scotiabank from C$47.00 to C$48.00 in a research report issued on Monday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential downside of 4.23% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Stella-Jones in a report on Wednesday, January 24th. Desjardins raised their price target on shares of Stella-Jones from C$49.00 to C$54.00 in a report on Thursday. TD Securities raised their price target on shares of Stella-Jones from C$49.00 to C$51.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Laurentian raised their price target on shares of Stella-Jones from C$55.00 to C$57.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Acumen Capital raised their price target on shares of Stella-Jones from C$50.50 to C$55.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Stella-Jones has a consensus rating of “Buy” and an average target price of C$53.71.

Shares of Stella-Jones (TSE SJ) traded down C$0.95 on Monday, reaching C$50.12. 66,003 shares of the company’s stock traded hands, compared to its average volume of 80,676. The firm has a market capitalization of $3,480.00, a P/E ratio of 25.74 and a beta of 0.66. Stella-Jones has a 52 week low of C$38.12 and a 52 week high of C$51.74.

Stella-Jones (TSE:SJ) last announced its earnings results on Friday, November 3rd. The company reported C$0.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.61. Stella-Jones had a net margin of 8.11% and a return on equity of 15.87%.

COPYRIGHT VIOLATION WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/29/stella-jones-sj-price-target-raised-to-c48-00-at-scotiabank.html.

Stella-Jones Company Profile

Stella-Jones Inc produces and markets pressure treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber to retailers and wholesalers for use in decks, fences, patios, and other outdoor applications; and industrial products, including bridge timbers and docks, foundation and marine pilings, highway guardrail posts, panelized railway crossings, and construction timbers.

Analyst Recommendations for Stella-Jones (TSE:SJ)

Receive News & Ratings for Stella-Jones Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stella-Jones and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply