Stella-Jones Inc (SJ) Stock Price Down 6.7%

Stella-Jones Inc (TSE:SJ)’s share price traded down 6.7% during trading on Friday . The stock traded as low as C$49.75 and last traded at C$46.85. 219,929 shares were traded during trading, an increase of Infinity from the average session volume of 0 shares. The stock had previously closed at C$50.24.

Several equities research analysts have recently weighed in on the stock. National Bank Financial raised their price target on shares of Stella-Jones from C$42.00 to C$48.00 in a research note on Thursday, August 10th. Scotiabank raised their price target on shares of Stella-Jones from C$41.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 10th. TD Securities raised their price target on shares of Stella-Jones from C$44.00 to C$48.00 and gave the stock a “hold” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$56.00 price target on shares of Stella-Jones in a research note on Tuesday, October 17th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Stella-Jones presently has an average rating of “Hold” and an average target price of C$48.00.

In other Stella-Jones news, Director Glen Ritchie sold 1,000 shares of Stella-Jones stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$48.70, for a total transaction of C$48,700.00.

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About Stella-Jones

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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