Stella-Jones Inc. (TSE:SJ) has been upgraded from Hold to Buy in a statement by Desjardins Securities earlier today.
- Updated: September 19, 2016
Desjardins Securities has upgraded Stella-Jones Inc.(TSE:SJ) from Hold to Buy in a report released on 9/19/2016.
On Friday April 29 2016, Scotia Capital reported on Stella-Jones Inc.(TSE:SJ) raised the target price from $47.00 to $53.00 that suggested an upside of 0.09%.
Showing a price of $46.03, Stella-Jones Inc. (TSE:SJ) traded 4.88% higher on the day. With the last stock price down 2.13% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. The company has recorded a 50-day moving average of $44.94 and two hundred day moving average of $47.03. Volume of trade was was up over the average, with 221,093 shares of SJ changing hands over the typical 107,983 shares.
Recent Performance Chart:
With a market capitalization of $0.0, Stella-Jones Inc. has a 52 week low of $39.00 and a 52 week high of $54.00 with a PE ratio of 20.
Also covering Stella-Jones Inc.’s stock price target, a total of 7 equity analysts have reported on SJ. The one year target price is $41.60 with 0 rating the company a strong buy, 0 rating the stock a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 brokeragesrating the company as sell.
Brief Synopsis About Stella-Jones Inc. (TSE:SJ)
Stella-Jones Inc. is a Canada-based producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and electrical utilities and telecommunication companies with utility poles. It also provides residential lumber and customized services to retailers and wholesalers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal-tar based products. It operates approximately 27 wood treating plants, 10 pole peeling facilities and a coal tar distillery. It distills coal tar and distributes products from that process at its Memphis, Tennessee distillery. It has an interest in the wood treating facilities of Boatright Railroad Products, and Inc.
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