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Stella-Jones Inc. (TSE:SJ) target price reduced to $43.00, issued a ratings update today by Desjardins Securities

Just yesterday Stella-Jones Inc. (TSE:SJ) traded -5.24% lower at $39.31. Stella-Jones Inc.’s 50-day moving average is $41.09 and its 200-day moving average is $43.39. The last stock price is down -9.23% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 589,092 shares of SJ traded hands, up from an average trading volume of 167,821

In a report released on Monday March 20, 2017 Desjardins Securities reduced the stock price target of Stella-Jones Inc. (TSE:SJ) from $45.00 to $43.00 reporting a possible upside of 0.09%.

Previously on 01/16/2017, Desjardins Securities released a statement about Stella-Jones Inc. (TSE:SJ) reduced the target price from $51.00 to $45.00. At the time, this indicated a possible upside of 0.14%.

Recent Performance Chart

Stella-Jones Inc. (TSE:SJ)

Stella-Jones Inc. has 52 week low of $37.17 and a 52 week high of $50.00 with a PE ratio of 16.21 and has a market capitalization of $0.

In addition to Desjardins Securities reporting its stock price target, a total of 8 brokerages have issued a ratings update on the company. The average stock price target is $40.24 with 0 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Stella-Jones Inc. (TSE:SJ)

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. It has treating and pole peeling facilities across Canada and the United States, and sells its products primarily in these two countries. The Company operates approximately 35 treating plants, approximately 15 pole-peeling facilities and a coal tar distillery. These facilities are located in approximately five Canadian provinces and approximately 18 American states, and are complemented by an extensive distribution network across North America.

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