TD Securities Reaffirms Hold Rating for Stella-Jones Inc (SJ)

Stella-Jones Inc (TSE:SJ)‘s stock had its “hold” rating reiterated by stock analysts at TD Securities in a research note issued to investors on Monday. They presently have a C$43.00 price objective on the stock. TD Securities’ price target would suggest a potential upside of 3.44% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Desjardins lowered shares of Stella-Jones from a “buy” rating to a “hold” rating and decreased their price target for the company from C$45.00 to C$43.00 in a research note on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a C$42.00 price target on shares of Stella-Jones in a research note on Monday. National Bank Financial lowered shares of Stella-Jones from an “outperform overweight” rating to a “sector perform overweight” rating and decreased their price target for the company from C$50.00 to C$41.00 in a research note on Sunday, January 15th. Laurentian decreased their price target on shares of Stella-Jones from C$52.00 to C$46.00 and set a “hold” rating on the stock in a research note on Monday, January 16th. Finally, Scotiabank decreased their price target on shares of Stella-Jones from C$53.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Monday, January 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of C$43.00.

Analyst Recommendations for Stella-Jones (TSE:SJ)

Stella-Jones (TSE:SJ) traded down 5.53% during trading on Monday, reaching $39.27. The company had a trading volume of 463,992 shares. Stella-Jones has a 52 week low of $37.17 and a 52 week high of $50.00. The firm has a market capitalization of $2.72 billion and a P/E ratio of 16.16. The stock has a 50 day moving average price of $41.09 and a 200 day moving average price of $43.39.

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Stella-Jones Company Profile

Stella-Jones Inc is a Canada-based company, which is a producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. It manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal tar-based products.

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