Stella-Jones (TSE:SJ) Price Target Raised to C$90.00 at CIBC

Key Points

• CIBC has raised its price target for Stella-Jones from C$89.00 to C$90.00, indicating a potential upside of 10.65% from the stock's previous close.
• Other analysts have mixed views: Royal Bank of Canada lowered their target to C$78.00, while Desjardins increased theirs to C$92.00, reinforcing a general consensus of a "Buy" rating.
• Stella-Jones' current stock price is C$81.34, with a market capitalization of C$4.49 billion and a price-to-earnings ratio of 13.69.

Stella-Jones (TSE:SJ - Get Free Report) had its price objective raised by CIBC from C$89.00 to C$90.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC's price objective suggests a potential upside of 10.65% from the stock's previous close.

Other analysts also recently issued reports about the company. Royal Bank Of Canada lowered their price target on Stella-Jones from C$82.00 to C$78.00 and set a "sector perform" rating for the company in a report on Friday, August 8th. Desjardins boosted their price target on shares of Stella-Jones from C$89.00 to C$92.00 and gave the company a "buy" rating in a report on Wednesday. Finally, National Bankshares dropped their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Stella-Jones has an average rating of "Buy" and an average target price of C$86.83.

Stella-Jones Stock Performance

TSE SJ traded down C$0.06 on Friday, hitting C$81.34. 31,997 shares of the company's stock were exchanged, compared to its average volume of 114,969. 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 has a market cap of C$4.49 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 2.40 and a beta of 0.00. Stella-Jones has a fifty-two week low of C$62.26 and a fifty-two week high of C$94.74. The firm's 50-day moving average price is C$78.33 and its two-hundred day moving average price is C$74.91.

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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