Stella-Jones (TSE:SJ) Stock Rating Lowered by CIBC

Key Points

• CIBC downgraded Stella-Jones from an "outperform" to a "neutral" rating, setting a price target of C$89.00 which implies a potential upside of 14.22% from current levels.
• Other firms have positively adjusted their price targets, with Scotiabank raising theirs to C$88.00 and Desjardins to C$92.00, reflecting varying levels of confidence among analysts.
• Shares of Stella-Jones fell 2.7% during mid-day trading, reaching C$77.92, contributing to a market capitalization of C$4.30 billion.

Stella-Jones (TSE:SJ - Get Free Report) was downgraded by equities researchers at CIBC from an "outperform" rating to a "neutral" rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. They currently have a C$89.00 price target on the stock. CIBC's target price suggests a potential upside of 14.22% from the company's current price.

SJ has been the topic of several other reports. Scotiabank boosted their price target on shares of Stella-Jones from C$81.00 to C$88.00 in a report on Friday, October 17th. Desjardins boosted their price target 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. Royal Bank Of Canada boosted their price target on shares of Stella-Jones from C$78.00 to C$87.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 8th. Finally, National Bankshares boosted their target price on shares of Stella-Jones from C$92.00 to C$95.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$90.17.

Stella-Jones Stock Down 2.7%

Shares of TSE SJ traded down C$2.20 during mid-day trading on Wednesday, reaching C$77.92. 96,396 shares of the company's stock traded hands, compared to its average volume of 113,330. The stock has a market cap of C$4.30 billion, a P/E ratio of 13.12, a PEG ratio of 2.40 and a beta of -0.07. The business has a 50-day simple moving average of C$78.99 and a 200 day simple moving average of C$76.16. Stella-Jones has a 1-year low of C$62.26 and a 1-year high of C$88.55. The company has a debt-to-equity ratio of 87.53, a current ratio of 6.85 and a quick ratio of 1.20.

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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