The Globe and Mail reports in its Friday, Aug. 8, edition that National Bank Financial analyst Maxim Sytchev continues to rate Stella-Jones "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev cut his share target back by a loonie to $92. Analysts on average target the shares at $86.13. Mr. Sytchev says in a note: "In the last several quarters investor concerns centred around pricing in Poles, compounded by volumes. Ties as well were weaker. With a $100-million top-line guide cut (most of the Street was around $3.6-billion), this is not a great set-up. At the same time, utility CAPEX expectations are ramping up, meaning Poles volumes will get better. Stella-Jones remains an inexpensive way to play the utility infrastructure game but clearly of a much slower growth calibre." The Globe reported on Feb. 28 that RBC Capital analyst James McGarragle continued to rank Stella-Jones "sector perform." The shares could then be had for $72.39. The Globe reported on May 9 that Desjardins Securities analyst Benoit Poirier continued to rank Stella-Jones "buy." The shares could then be had for $72.51.
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