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

Stella-Jones Inc. (TSE:SJ - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Scotiabank dropped their price target on Stella-Jones from C$85.00 to C$79.00 in a research note on Monday, March 3rd. Desjardins dropped their price target on Stella-Jones from C$98.00 to C$94.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Royal Bank of Canada boosted their price target on Stella-Jones from C$75.00 to C$76.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. TD Securities boosted their price target on Stella-Jones from C$88.00 to C$90.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, CIBC dropped their price target on Stella-Jones from C$86.00 to C$79.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Stella-Jones has an average rating of "Buy" and an average target price of C$86.17.

Stella-Jones Trading Down 2.8%

The stock has a market cap of C$4.28 billion, a P/E ratio of 13.36, a P/E/G ratio of 2.40 and a beta of 0.64. 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 stock has a 50-day moving average price of C$71.40 and a 200-day moving average price of C$70.48.

Insider Activity at Stella-Jones

In related news, Director James Augustus Manzi sold 1,000 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of C$65.79, for a total transaction of C$65,788.60. 0.14% of the stock is currently owned by insiders.

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.