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

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

Other research analysts have also issued research reports about the stock. Royal Bank of Canada dropped 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 dropped their price target on shares of Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday, November 7th. TD Securities reduced their price objective 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. Finally, CIBC raised Stella-Jones from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$83.00 to C$86.00 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Stella-Jones has an average rating of “Moderate Buy” and a consensus price target of C$88.50.

Stella-Jones Price Performance

Shares of SJ opened at C$70.67 on Tuesday. The business’s 50-day moving average is C$71.03 and its 200-day moving average is C$83.61. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. The company has a market capitalization of C$3.98 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 2.40 and a beta of 0.64. Stella-Jones has a fifty-two week low of C$65.43 and a fifty-two week high of C$98.00.

Insiders Place Their Bets

In other news, Director Patrick Kirkham acquired 2,035 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost of C$70.36 per share, with a total value of C$143,179.34. Also, Director Rhodri Harries bought 5,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of C$70.50 per share, for a total transaction of C$352,500.00. Insiders purchased 12,785 shares of company stock valued at $896,221 over the last quarter. Insiders own 0.14% of the company’s stock.

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.