23:36:30 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



Stella-Jones Inc
Symbol SJ
Shares Issued 58,386,610
Close 2023-05-26 C$ 60.08
Market Cap C$ 3,507,867,529
Recent Sedar Documents

Globe says Spracklin keeps Stella-Jones at "outperform"

2023-05-26 08:12 ET - In the News

The Globe and Mail reports in its Friday, May 26, edition that after attending Stella-Jones's Investor Day event, RBC analyst Walter Spracklin raised his share target to $69 from $67, while maintaining his rating at "outperform." The Globe's David Leeder writes that analysts on average target the shares at $69.86. Mr. Spracklin says in a note: "Management outlined a growth plan that demonstrated to us a very convincing opportunity set that should enable Stella-Jones to drive attractive growth out to 2025. Importantly, we believe the 2025 targets provided at the Investor Day incorporate conservatism, especially as it relates to U.S. infrastructure related spending. We also point to what we view as upside to margin targets on the back of increasing pole mix, tie pricing, and economies of scale. We see solid opportunity in the shares." The Globe reported on March 10 that Desjardins Securities continued to rank Stella-Jones "buy." The shares could then be had for $55.27. The Globe reported on March 13 that CIBC continued to rate Stella-Jones "outperformer." Its shares could then be had for $53.48. The Globe reported on May 25 that National Bank rated Stella-Jones "sector perform." It was then worth $58.58.

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