Stella-Jones Inc (TSE:SJ) shot up 2% on Tuesday after Scotiabank raised their price target on the stock from C$47.00 to C$48.00. Scotiabank currently has a sector perform rating on the stock. Stella-Jones traded as high as C$51.00 and last traded at C$50.93. 62,299 shares were traded during mid-day trading, a decline of 24% from the average session volume of 81,800 shares. The stock had previously closed at C$49.94.
Other equities research analysts have also issued research reports about the stock. National Bank Financial restated an “outperform overweight” rating on shares of Stella-Jones in a report on Wednesday, January 24th. Laurentian upped their target price on shares of Stella-Jones from C$55.00 to C$57.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Acumen Capital upped their target price on shares of Stella-Jones from C$50.50 to C$55.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Desjardins upped their target price on shares of Stella-Jones from C$49.00 to C$54.00 in a report on Thursday, January 25th. Finally, TD Securities upped their target price on shares of Stella-Jones from C$49.00 to C$51.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$53.71.
The firm has a market cap of $3,530.00, a P/E ratio of 26.12 and a beta of 0.66.
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Stella-Jones Inc produces and markets pressure treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber to retailers and wholesalers for use in decks, fences, patios, and other outdoor applications; and industrial products, including bridge timbers and docks, foundation and marine pilings, highway guardrail posts, panelized railway crossings, and construction timbers.
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