Shares of Stella-Jones Inc. (TSE:SJ) have garnered a consensus rating of “Moderate Buy” from six brokerages currently covering the company, according to a report from MarketBeat Ratings. This assessment reflects a balanced outlook, with three analysts recommending a hold and three advocating for a buy.
The average twelve-month target price set by these brokerages stands at C$90.17. Recent evaluations from various research firms highlight differing perspectives on the stock’s future performance.
Recent Analyst Ratings and Price Targets
On October 8, Royal Bank of Canada raised its target price for Stella-Jones shares from C$78.00 to C$87.00, while issuing a “sector perform” rating. This adjustment indicates a cautious optimism about the company’s growth potential in the market.
The following day, CIBC revised its rating, downgrading the stock from “outperform” to “neutral” and establishing a new price target of C$89.00. This move reflects a more conservative outlook amidst changing market conditions.
On October 9, National Bankshares increased its target price from C$92.00 to C$95.00, maintaining an “outperform” rating. This suggests that the firm remains confident in Stella-Jones’ performance relative to its peers.
Additionally, CIBC World Markets shifted its stance, lowering its recommendation from “strong buy” to “hold” on October 10. This indicates a more cautious approach to the stock, aligning with broader market sentiments.
Finally, on October 17, Scotiabank raised Stella-Jones’ price target from C$81.00 to C$88.00, further reflecting the mixed opinions among analysts regarding the company’s stock value moving forward.
About Stella-Jones Inc.
Stella-Jones Inc. specializes in the production and sale of lumber and wood products. The company operates through two primary segments: Pressure-treated wood, which encompasses utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber, which includes the sale of logs unsuitable for utility poles and excess lumber targeted at local home-building markets.
As the market evaluates Stella-Jones’ position, investors are closely monitoring these analyst ratings and price adjustments, which could influence trading decisions in the coming months.
