Royal Bank Of Canada Issues Positive Forecast for Stella-Jones (TSE:SJ) Stock Price

Key Points

• The Royal Bank of Canada has increased its target price for Stella-Jones (TSE:SJ) from C$78.00 to C$87.00, suggesting a potential upside of 7.53% from its current stock price.
• Consensus ratings for Stella-Jones show one Strong Buy, four Buys, and one Hold, with an average price target of C$88.33.
• Stella-Jones reported a trading volume of 49,255 shares on Wednesday, with its stock currently priced at C$80.91.

Stella-Jones (TSE:SJ - Get Free Report) had its target price hoisted by research analysts at Royal Bank Of Canada from C$78.00 to C$87.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 7.53% from the company's current price.

Several other research analysts also recently commented on SJ. National Bankshares dropped their target price on shares of Stella-Jones from C$93.00 to C$92.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Desjardins lifted their target price on shares of Stella-Jones from C$89.00 to C$92.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. Finally, CIBC upped their price objective on shares of Stella-Jones from C$89.00 to C$90.00 in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$88.33.

Stella-Jones Stock Performance

SJ traded up C$0.96 during trading on Wednesday, hitting C$80.91. The stock had a trading volume of 49,255 shares, compared to its average volume of 114,139. The firm has a market cap of C$4.47 billion, a PE ratio of 13.62, a P/E/G ratio of 2.40 and a beta of -0.07. Stella-Jones has a 12 month low of C$62.26 and a 12 month high of C$94.74. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. The company has a 50 day simple moving average of C$78.37 and a 200-day simple moving average of C$75.24.

About Stella-Jones

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company's procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.

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