Stella-Jones Inc (SJ) Receives “Outperform” Rating from Royal Bank Of Canada

Stella-Jones Inc (TSE:SJ)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday. They presently have a C$56.00 price objective on the stock. Royal Bank Of Canada’s price target points to a potential upside of 15.49% from the company’s current price.

A number of other equities analysts also recently commented on the stock. TD Securities upped their price objective on shares of Stella-Jones from C$44.00 to C$48.00 and gave the stock a “hold” rating in a research report on Thursday, August 10th. Scotiabank upped their price objective on shares of Stella-Jones from C$41.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 10th. Finally, National Bank Financial upped their price objective on shares of Stella-Jones from C$42.00 to C$48.00 in a research report on Thursday, August 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$48.00.

Stella-Jones (SJ) traded up 2.66% on Tuesday, reaching $49.78. 113,144 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $48.06 and a 200-day moving average price of $44.68. Stella-Jones has a 1-year low of $37.17 and a 1-year high of $50.05. The company has a market capitalization of $3.45 billion and a P/E ratio of 24.89.

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In other news, Director Glen Ritchie sold 1,000 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of C$48.70, for a total value of C$48,700.00.

About Stella-Jones

Stella-Jones Inc is a Canada-based company, which is a producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. It manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal tar-based products.

Analyst Recommendations for Stella-Jones (TSE:SJ)

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