Stella-Jones Inc (TSE:SJ) was downgraded by Desjardins from a “buy” rating to a “hold” rating in a research note issued on Monday. They currently have a C$43.00 price objective on the stock, down from their prior price objective of C$45.00. Desjardins’ price target indicates a potential upside of 3.44% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada reissued 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 downgraded shares of Stella-Jones from an “outperform overweight” rating to a “sector perform overweight” rating and reduced their price target for the company from C$50.00 to C$41.00 in a research note on Sunday, January 15th. Laurentian reduced 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. TD Securities reduced their price target on shares of Stella-Jones from C$50.00 to C$43.00 and set a “hold” rating on the stock in a research note on Monday, January 16th. Finally, Scotiabank reduced 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$43.00.

Analyst Recommendations for Stella-Jones (TSE:SJ)

Stella-Jones (TSE:SJ) traded down 5.75% on Monday, hitting $39.18. 398,916 shares of the company’s stock were exchanged. The company has a market cap of $2.71 billion and a PE ratio of 16.12. The company’s 50-day moving average price is $41.09 and its 200-day moving average price is $43.39. Stella-Jones has a 12-month low of $37.17 and a 12-month high of $50.00.

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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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