CIBC Increases Stella-Jones (TSE:SJ) Price Target to C$62.00

Stella-Jones (TSE:SJGet Rating) had its target price raised by CIBC from C$57.00 to C$62.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 12.18% from the company’s previous close.

SJ has been the topic of several other reports. National Bank Financial downgraded 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. TD Securities lifted their target price on shares of Stella-Jones from C$58.00 to C$65.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada boosted their price target on shares of Stella-Jones from C$53.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Scotiabank boosted their price target on shares of Stella-Jones from C$59.00 to C$60.00 in a research report on Thursday. Four analysts have rated the stock with a buy rating, Based on data from, the stock presently has an average rating of “Buy” and a consensus target price of C$60.80.

Stella-Jones Trading Up 1.2 %

Shares of Stella-Jones stock opened at C$55.27 on Friday. The firm has a market capitalization of C$3.24 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 2.40 and a beta of 0.79. The company has a current ratio of 6.11, a quick ratio of 1.20 and a debt-to-equity ratio of 71.16. The firm’s 50 day moving average is C$48.98 and its 200 day moving average is C$45.41. Stella-Jones has a 1 year low of C$30.54 and a 1 year high of C$55.67.

About Stella-Jones

(Get Rating)

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.

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