Stella-Jones (TSE:SJ) Rating Increased to Strong-Buy at Cibc World Mkts

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

Several other research analysts have also weighed in on SJ. TD Securities lowered their price objective on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. 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 raised Stella-Jones from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$83.00 to C$86.00 in a report on Wednesday. Finally, Scotiabank decreased their price target on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. Two equities research 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. According to MarketBeat, Stella-Jones currently has a consensus rating of “Moderate Buy” and an average price target of C$88.50.

Stella-Jones Price Performance

Shares of SJ opened at C$70.67 on Tuesday. The company 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 company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08. The company’s fifty day simple moving average is C$71.03 and its 200 day simple moving average is C$83.61. Stella-Jones has a 1-year low of C$65.43 and a 1-year high of C$98.00.

Insider Activity

In other news, Director Rhodri Harries bought 5,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average price of C$70.50 per share, with a total value of C$352,500.00. Also, Senior Officer Richard Cuddihy purchased 500 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average price of C$70.85 per share, with a total value of C$35,424.00. Insiders bought a total of 12,785 shares of company stock worth $896,221 in the last three months. 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.