Analysts Set Stella-Jones Inc. (TSE:SJ) Target Price at C$88.50

Stella-Jones Inc. (TSE:SJ) has earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$88.50.

SJ has been the subject of a number of research reports. Cibc World Mkts raised shares of Stella-Jones from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada reduced their target price on Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday, November 7th. TD Securities dropped their price target on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. CIBC upgraded Stella-Jones from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$83.00 to C$86.00 in a research report on Wednesday, January 15th. Finally, Scotiabank dropped their target price on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th.

Insider Activity

In other news, Director Patrick Kirkham bought 2,035 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of C$70.36 per share, with a total value of C$143,179.34. 0.14% of the stock is currently owned by corporate insiders.

Stella-Jones Price Performance

Shares of TSE:SJ opened at C$69.18 on Friday. The company has a 50 day moving average of C$70.51 and a 200 day moving average of C$79.69. 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 stock has a market cap of C$3.87 billion, a P/E ratio of 12.08, a P/E/G ratio of 2.40 and a beta of 0.64. Stella-Jones has a 12 month low of C$65.13 and a 12 month high of C$98.00.

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.