Stella-Jones (TSE:SJ) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Stella-Jones Inc. shares crossed above their 200-day moving average of C$72.21, reaching a high of C$80.15 before settling at C$78.93 during trading.
• Research analysts have mixed outlooks on the stock, with price targets ranging from C$79.00 to C$94.00 and an average target price of C$84.80.
• The company has a market capitalization of C$4.42 billion, indicating strong financial stability with a low debt-to-equity ratio of 87.53.

Stella-Jones Inc. (TSE:SJ - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$72.21 and traded as high as C$80.15. Stella-Jones shares last traded at C$78.93, with a volume of 86,351 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SJ shares. TD Securities increased their price objective on Stella-Jones from C$88.00 to C$90.00 and gave the company a "buy" rating in a research report on Friday, May 9th. CIBC reduced their price objective on Stella-Jones from C$86.00 to C$79.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Desjardins reduced their price objective on Stella-Jones from C$98.00 to C$94.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada increased their price objective on Stella-Jones from C$76.00 to C$82.00 in a research report on Monday, July 14th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Stella-Jones presently has a consensus rating of "Buy" and an average price target of C$84.80.

Stella-Jones Stock Performance

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 business has a 50-day simple moving average of C$78.35 and a 200-day simple moving average of C$72.40. The firm has a market capitalization of C$4.41 billion, a PE ratio of 13.76, a P/E/G ratio of 2.40 and a beta of 0.64.

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.