Stella-Jones (TSE:SJ) Stock Passes Above 200-Day Moving Average – Should You Sell?

Stella-Jones Inc. (TSE:SJ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$70.33 and traded as high as C$79.22. Stella-Jones shares last traded at C$78.82, with a volume of 95,244 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. TD Securities increased their price target on shares of Stella-Jones from C$88.00 to C$90.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Scotiabank cut their target price on Stella-Jones from C$85.00 to C$79.00 in a research report on Monday, March 3rd. CIBC reduced their target price on Stella-Jones from C$86.00 to C$79.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Desjardins dropped their price target on Stella-Jones from C$98.00 to C$94.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Royal Bank of Canada raised their price objective on Stella-Jones from C$75.00 to C$76.00 and gave the stock a “sector perform” rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$86.17.

Stella-Jones Trading Up 2.1%

The company has a debt-to-equity ratio of 87.53, a quick ratio of 1.20 and a current ratio of 6.85. The business’s 50 day moving average price is C$70.67 and its two-hundred day moving average price is C$70.33. The company has a market capitalization of C$4.41 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64.

Insider Buying and Selling

In other Stella-Jones news, Director James Augustus Manzi sold 1,000 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of C$65.79, for a total transaction of C$65,788.60. Company insiders own 0.14% of the company’s stock.

About Stella-Jones

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.