Scotiabank Issues Pessimistic Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its price target lowered by research analysts at Scotiabank from C$85.00 to C$79.00 in a research report issued on Monday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 8.85% from the stock’s previous close.

Several other research analysts have also commented on the company. TD Securities cut their price objective on 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. Cibc World Mkts raised Stella-Jones from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. CIBC raised Stella-Jones from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$83.00 to C$86.00 in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada cut their target price on Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Stella-Jones presently has a consensus rating of “Buy” and an average price target of C$86.60.

Stella-Jones Price Performance

Shares of SJ traded up C$3.40 during midday trading on Monday, hitting C$72.58. 123,543 shares of the company traded hands, compared to its average volume of 152,521. The stock has a 50-day moving average of C$70.41 and a 200-day moving average of C$79.04. Stella-Jones has a one year low of C$65.13 and a one year high of C$98.00. The firm has a market cap of C$4.06 billion, a P/E ratio of 12.68, a PEG ratio of 2.40 and a beta of 0.64. The company has a debt-to-equity ratio of 87.53, a current ratio of 6.85 and a quick ratio of 1.20.

Insider Activity at Stella-Jones

In related news, Director Patrick Kirkham purchased 2,035 shares of Stella-Jones stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of C$70.36 per share, for a total transaction of C$143,179.34. 0.14% of the stock is owned by corporate insiders.

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.