Stella-Jones (TSE:SJ) Price Target Cut to C$79.00 by Analysts at Scotiabank

Stella-Jones (TSE:SJ - Get Free Report) had its price target decreased by analysts at Scotiabank from C$85.00 to C$79.00 in a research note issued on Monday,BayStreet.CA reports. Scotiabank's target price would indicate a potential upside of 15.16% from the stock's current price.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada reduced their price target on Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th. Cibc World Mkts raised Stella-Jones from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. TD Securities lowered their target price on shares of Stella-Jones from C$103.00 to C$88.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Finally, CIBC raised shares of Stella-Jones from a "neutral" rating to an "outperform" rating and upped their price target for the stock from C$83.00 to C$86.00 in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$86.60.

Stella-Jones Stock Up 3.3 %

TSE:SJ traded up C$2.18 on Monday, hitting C$68.60. 184,134 shares of the company's stock were exchanged, compared to its average volume of 165,942. The firm has a 50-day moving average price of C$70.31 and a 200-day moving average price of C$78.58. Stella-Jones has a 52 week low of C$65.11 and a 52 week high of C$98.00. 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 company has a market cap of C$3.84 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64.

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Insiders Place Their Bets

In other news, Director Patrick Kirkham bought 2,035 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were bought at an average price of C$70.36 per share, with a total value of C$143,179.34. Company insiders own 0.14% of the company's stock.

Stella-Jones Company Profile

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.