Stella-Jones (TSE:SJ) Price Target Cut to C$92.00 by Analysts at National Bankshares

Key Points

• National Bankshares has reduced Stella-Jones' price target from C$93.00 to C$92.00, while maintaining an "outperform" rating.
• The stock has notably seen a price increase of 4.0%, reaching C$77.45 during mid-day trading on Friday.
• Overall, the average target price among analysts for Stella-Jones is C$84.50, with multiple firms issuing buy ratings on the stock.

Stella-Jones (TSE:SJ - Free Report) had its price target lowered by National Bankshares from C$93.00 to C$92.00 in a research report report published on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on SJ. CIBC dropped their target price on shares of Stella-Jones from C$86.00 to C$79.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. TD Securities upped their price target on shares of Stella-Jones from C$88.00 to C$90.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Royal Bank Of Canada upped their price target on shares of Stella-Jones from C$76.00 to C$82.00 in a research report on Monday, July 14th. Finally, Desjardins lowered their price target on shares of Stella-Jones from C$94.00 to C$89.00 and set a "buy" rating for the company in a research report on Friday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$84.50.

Stella-Jones Stock Performance

Shares of TSE:SJ traded up C$0.08 on Friday, reaching C$76.36. 29,338 shares of the company's stock were exchanged, compared to its average volume of 119,716. The firm has a market capitalization of C$4.27 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.40 and a beta of 0.64. Stella-Jones has a fifty-two week low of C$62.26 and a fifty-two week high of C$94.74. The business's 50-day moving average is C$78.52 and its two-hundred day moving average is C$72.63. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53.

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.