Stella-Jones (TSE:SJ) Raised to “Strong-Buy” at Cibc World Mkts

Stella-Jones (TSE:SJ) was upgraded by analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also issued reports on SJ. TD Securities reduced 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 report on Thursday, November 7th. Royal Bank of Canada cut their price objective on shares of Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday, November 7th. Scotiabank decreased their target price on shares of Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. Finally, CIBC upgraded shares of Stella-Jones from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$83.00 to C$86.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Stella-Jones has a consensus rating of “Moderate Buy” and an average target price of C$88.50.

Stella-Jones Stock Performance

Shares of TSE SJ opened at C$70.67 on Tuesday. Stella-Jones has a 12-month low of C$65.43 and a 12-month high of C$98.00. The company has a market cap of C$3.98 billion, a PE ratio of 11.42, a P/E/G ratio of 2.40 and a beta of 0.64. The stock has a 50 day simple moving average of C$71.03 and a 200-day simple moving average of C$83.61. The company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08.

Insider Transactions at Stella-Jones

In related news, Director Patrick Kirkham purchased 2,035 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of C$70.36 per share, with a total value of C$143,179.34. Also, Director Rhodri Harries acquired 5,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of C$70.50 per share, for a total transaction of C$352,500.00. Insiders have acquired 12,785 shares of company stock valued at $896,221 in the last quarter. 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.