Stella-Jones (TSE:SJ) Stock Rating Upgraded by CIBC

Stella-Jones (TSE:SJ) was upgraded by investment analysts at CIBC from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a C$86.00 target price on the stock, up from their previous target price of C$83.00. CIBC’s price objective would indicate a potential upside of 21.69% from the stock’s current price.

Several other research firms have also recently weighed in on SJ. Royal Bank of Canada lowered their price objective on Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th. Scotiabank lowered their price target on shares of Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. Finally, TD Securities cut their price objective on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$88.50.

Stella-Jones Stock Performance

TSE SJ opened at C$70.67 on Wednesday. The stock 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 company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57. The firm has a 50-day moving average of C$71.12 and a 200-day moving average of C$83.74. Stella-Jones has a 52-week low of C$65.43 and a 52-week high of C$98.00.

Insider Buying and Selling at Stella-Jones

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