Stella-Jones (TSE:SJ) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• Stella-Jones Inc. shares crossed above the 200-day moving average, indicating a potential positive trend, with shares trading as high as C$83.00 and closing at C$80.55.
• Multiple brokerages have recently updated their price targets for Stella-Jones, with CIBC raising it to C$90.00 and National Bankshares to C$95.00, showing confidence in the company's growth prospects.
• Despite these analysts' positive outlooks, the stock has seen a decrease of 2.6% recently, suggesting caution for investors considering a buy or sell decision.

Stella-Jones Inc. (TSE:SJ - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$75.84 and traded as high as C$83.00. Stella-Jones shares last traded at C$80.55, with a volume of 73,112 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SJ. CIBC raised their price target on Stella-Jones from C$89.00 to C$90.00 in a research note on Friday, October 3rd. National Bankshares boosted their target price on shares of Stella-Jones from C$92.00 to C$95.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. Royal Bank Of Canada upped their price target on shares of Stella-Jones from C$78.00 to C$87.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 8th. Finally, Desjardins lifted their price objective on shares of Stella-Jones from C$89.00 to C$92.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$88.83.

Stella-Jones Stock Down 2.6%

The firm has a market cap of C$4.45 billion, a P/E ratio of 13.56, a P/E/G ratio of 2.40 and a beta of -0.07. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. The business has a 50-day moving average price of C$78.80 and a 200-day moving average price of C$75.84.

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.

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