Stella-Jones Inc. (TSE:SJ) was downgraded by equities researchers at TD Securities from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday. They presently have a C$50.00 price objective on the stock, down from their previous price objective of C$56.00. TD Securities’ price target would suggest a potential upside of 17.34% from the company’s current price.

Several other research firms also recently weighed in on SJ. Scotiabank reissued a “sector perform” rating and set a C$53.00 price target on shares of Stella-Jones in a research report on Thursday, August 11th. Royal Bank Of Canada reissued an “outperform” rating and set a C$56.00 price target on shares of Stella-Jones in a research report on Wednesday, July 20th. GMP Securities reissued a “buy” rating on shares of Stella-Jones in a research report on Wednesday, September 28th. National Bank Financial dropped their price target on Stella-Jones from C$55.00 to C$50.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Desjardins raised Stella-Jones from a “hold” rating to a “buy” rating in a research report on Monday, September 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Stella-Jones currently has a consensus rating of “Buy” and an average price target of C$52.25.

Analyst Recommendations for Stella-Jones (TSE:SJ)

Shares of Stella-Jones (TSE:SJ) opened at 42.58 on Wednesday. Stella-Jones has a 12-month low of $39.00 and a 12-month high of $54.00. The stock has a market cap of $2.95 billion and a P/E ratio of 18.20. The company has a 50 day moving average price of $45.74 and a 200 day moving average price of $46.59.

Stella-Jones Company Profile

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.

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