Stella-Jones Inc. (TSE:SJ - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$69.88 and traded as high as C$76.67. Stella-Jones shares last traded at C$75.70, with a volume of 88,633 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages have commented on SJ. Desjardins cut their price target on shares of 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. Royal Bank of Canada increased their price objective on Stella-Jones from C$75.00 to C$76.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Scotiabank reduced their target price on shares of Stella-Jones from C$85.00 to C$79.00 in a research note on Monday, March 3rd. CIBC lowered their target price on shares of 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. Finally, TD Securities increased their target price on shares of Stella-Jones from C$88.00 to C$90.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$86.17.
Check Out Our Latest Report on Stella-Jones
Stella-Jones Trading Up 2.4%
The business has a 50 day simple moving average of C$69.64 and a 200 day simple moving average of C$70.01. The company has a debt-to-equity ratio of 87.53, a current ratio of 6.85 and a quick ratio of 1.20. The company has a market cap of C$4.36 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64.
Insiders Place Their Bets
In other news, Director James Augustus Manzi sold 1,000 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of C$65.79, for a total transaction of C$65,788.60. Insiders own 0.14% of the company's stock.
Stella-Jones Company Profile
(
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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.
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