Scotiabank Increases Stella-Jones (TSE:SJ) Price Target to C$60.00

Stella-Jones (TSE:SJ – Get Rating) had its price objective raised by research analysts at Scotiabank from C$59.00 to C$60.00 in a report released on Thursday, BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 8.56% from the company’s previous close.

Several other equities research analysts have also recently commented on SJ. National Bank Financial cut shares of Stella-Jones from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Tuesday, January 10th. Royal Bank of Canada upgraded Stella-Jones from a “sector perform” rating to a “buy” rating and boosted their price objective for the stock from C$42.00 to C$53.00 in a report on Thursday, November 10th. TD Securities boosted their price objective on Stella-Jones from C$48.00 to C$52.00 and gave the stock a “buy” rating in a report on Thursday, November 10th. Finally, CIBC boosted their price objective on Stella-Jones from C$54.00 to C$57.00 in a report on Tuesday, January 10th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$60.80.

Stella-Jones Stock Performance

SJ stock opened at C$55.27 on Thursday. The company has a market capitalization of C$3.24 billion, a P/E ratio of 14.06, a PEG ratio of 2.40 and a beta of 0.79. The company has a 50-day simple moving average of C$48.98 and a 200 day simple moving average of C$45.37. Stella-Jones has a fifty-two week low of C$30.54 and a fifty-two week high of C$55.67. The company has a quick ratio of 1.20, a current ratio of 6.11 and a debt-to-equity ratio of 71.16.

Stella-Jones Company Profile

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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 wood utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers for outdoor applications; industrial products, including bridge and crossing timbers, foundation and marine piling, construction timbers, crane mats, fence posts, and highway guardrail posts; and coal tar-based products.