Scotiabank Increases Stella-Jones Inc (SJ) Price Target to C$47.00
Stella-Jones Inc (TSE:SJ) had its price objective increased by research analysts at Scotiabank from C$45.00 to C$47.00 in a research report issued to clients and investors on Monday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential downside of 1.01% from the stock’s current price.
SJ has been the topic of a number of other research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$56.00 price objective on shares of Stella-Jones in a research report on Tuesday, October 17th. National Bank Financial increased their price objective on Stella-Jones from C$48.00 to C$52.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 17th. Finally, TD Securities increased 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. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$48.29.
Stella-Jones (TSE SJ) traded up C$0.86 during midday trading on Monday, hitting C$47.75. 120,499 shares of the company’s stock were exchanged, compared to its average volume of 73,491. Stella-Jones has a fifty-two week low of C$37.17 and a fifty-two week high of C$51.19.
In other Stella-Jones news, Director Glen Ritchie sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of C$48.70, for a total transaction of C$48,700.00.
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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