Stella-Jones Inc (SJ) Shares Down 6.7%
Shares of Stella-Jones Inc (TSE:SJ) were down 6.7% during trading on Friday . The company traded as low as C$49.75 and last traded at C$46.85. Approximately 219,929 shares traded hands during trading, an increase of Infinity from the average daily volume of 0 shares. The stock had previously closed at C$50.24.
A number of analysts recently commented on SJ shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$56.00 price target on shares of Stella-Jones in a research report on Tuesday, October 17th. National Bank Financial raised their target price on Stella-Jones from C$48.00 to C$52.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 17th. TD Securities raised their target price on Stella-Jones from C$44.00 to C$48.00 and gave the stock a “hold” rating in a research report on Thursday, August 10th. Finally, Scotiabank raised their target price on Stella-Jones from C$41.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 10th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$48.00.
In other Stella-Jones news, Director Glen Ritchie sold 1,000 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of C$48.70, for a total value of C$48,700.00.
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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