Stella-Jones (TSE:SJ) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Stella-Jones Inc. (TSE:SJ)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$83.73 and traded as high as C$99.41. Stella-Jones shares last traded at C$97.76, with a volume of 123,315 shares.

Analysts Set New Price Targets

SJ has been the subject of a number of recent analyst reports. Raymond James Financial set a C$100.00 price target on shares of Stella-Jones and gave the company an “outperform” rating in a report on Thursday, November 20th. TD Securities boosted their price objective on shares of Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Scotiabank upgraded shares of Stella-Jones from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$88.00 to C$98.00 in a report on Thursday, January 29th. Desjardins set a C$102.00 target price on Stella-Jones and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Stella-Jones from C$90.00 to C$100.00 in a report on Friday, February 6th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$98.71.

Stella-Jones Stock Down 1.0%

The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53. The company’s fifty day simple moving average is C$90.01 and its 200 day simple moving average is C$83.73. The firm has a market capitalization of C$5.37 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 2.40 and a beta of -0.17.

Stella-Jones Company Profile

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. The vast majority of its revenue comes from the Pressure-treated wood segment.