Stella-Jones (TSE:SJ – Get Free Report) had its price target raised by investment analysts at Royal Bank of Canada from C$94.00 to C$97.00 in a report issued on Wednesday, BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 3.07% from the stock’s current price.
Several other research firms also recently issued reports on SJ. TD Securities upped their target price on Stella-Jones from C$98.00 to C$103.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. CIBC upped their target price on Stella-Jones from C$94.00 to C$97.00 in a research report on Thursday, August 8th. Finally, National Bankshares upped their target price on Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$96.00.
View Our Latest Research Report on Stella-Jones
Stella-Jones Stock Down 0.2 %
Stella-Jones (TSE:SJ – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.96 by C($0.02). Stella-Jones had a return on equity of 20.64% and a net margin of 10.20%. The business had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$1.07 billion. Analysts predict that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Stella-Jones news, Director James Augustus Manzi sold 5,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$92.92, for a total transaction of C$464,583.48. 0.14% of the stock is owned by insiders.
About Stella-Jones
Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.
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