Stella-Jones (TSE:SJ) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• Stella-Jones Inc. shares recently crossed above their 200-day moving average at C$74.52, reaching a high of C$78.23 during trading.
• Several analysts have adjusted their target prices for Stella-Jones, with the highest now at C$92.00 and a consensus rating of "Buy."
• The company operates in pressure-treated wood and logs & lumber, with a market capitalization of C$4.30 billion and a current ratio of 6.85.

Shares of Stella-Jones Inc. (TSE:SJ - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$74.52 and traded as high as C$78.23. Stella-Jones shares last traded at C$77.80, with a volume of 156,670 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of Stella-Jones from C$82.00 to C$78.00 and set a "sector perform" rating on the stock in a report on Friday, August 8th. National Bankshares lowered their target price on shares of Stella-Jones from C$93.00 to C$92.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Finally, Desjardins lowered their target price on shares of Stella-Jones from C$94.00 to C$89.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$84.50.

Stella-Jones Stock Performance

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's 50 day moving average is C$78.54 and its 200 day moving average is C$74.52. The stock has a market capitalization of C$4.30 billion, a PE ratio of 13.10, a PEG ratio of 2.40 and a beta of 0.00.

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.

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