Stella-Jones Inc. (TSE:SJ) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Stella-Jones Inc. has received a consensus recommendation of "Buy" from six brokerages, with one holding a "strong buy" rating and four assigning a buy recommendation.
• Recent price target adjustments include Desjardins lowering its target from C$94.00 to C$89.00, while National Bankshares and Royal Bank Of Canada also reduced their price objectives.
• The company's shares opened at C$76.55, with a 12-month price range of C$62.26 to C$94.74, reflecting a market capitalization of C$4.23 billion.

Shares of Stella-Jones Inc. (TSE:SJ - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$84.50.

A number of brokerages recently issued reports on SJ. Desjardins cut their price objective on Stella-Jones from C$94.00 to C$89.00 and set a "buy" rating for the company in a research report on Friday, August 8th. National Bankshares lowered their price objective on Stella-Jones from C$93.00 to C$92.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Finally, Royal Bank Of Canada decreased their target price on Stella-Jones from C$82.00 to C$78.00 and set a "sector perform" rating for the company in a research note on Friday, August 8th.

Stella-Jones Price Performance

Shares of TSE SJ opened at C$76.55 on Friday. Stella-Jones has a 12 month low of C$62.26 and a 12 month high of C$94.74. The stock has a market capitalization of C$4.23 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 2.40 and a beta of 0.00. The company has a debt-to-equity ratio of 87.53, a current ratio of 6.85 and a quick ratio of 1.20. The firm's 50 day simple moving average is C$78.46 and its 200-day simple moving average is C$74.58.

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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