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

Stella-Jones (TSE:SJ) was upgraded by research 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.

A number of other research analysts also recently weighed in on the stock. CIBC upgraded shares of Stella-Jones from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$83.00 to C$86.00 in a report on Wednesday. Royal Bank of Canada cut their target price on Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. TD Securities decreased 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. Finally, Scotiabank reduced their price target on shares of Stella-Jones from C$95.00 to C$85.00 in a report on Thursday, November 7th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$88.50.

Stella-Jones Trading Up 0.6 %

Shares of TSE SJ opened at C$70.67 on Tuesday. The stock has a market cap of C$3.98 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 2.40 and a beta of 0.64. The business 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 debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57. Stella-Jones has a 52 week low of C$65.43 and a 52 week high of C$98.00.

Insider Buying and Selling

In other Stella-Jones news, Director Rhodri Harries purchased 5,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of C$69.50 per share, with a total value of C$347,500.00. Also, Senior Officer Richard Cuddihy acquired 500 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average price of C$70.85 per share, for a total transaction of C$35,424.00. Insiders purchased 12,785 shares of company stock worth $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.