Stella-Jones (TSE:SJ) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

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.

Shares of Stella-Jones Inc. (TSE:SJ - Get Free Report) 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 traded.

Analysts Set New Price Targets

A number of research firms recently weighed in on SJ. CIBC lowered their price target on shares of 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 lowered their price target on shares of 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. Royal Bank Of Canada boosted their price target on shares of Stella-Jones from C$76.00 to C$82.00 in a research report on Monday, July 14th. Finally, TD Securities boosted their price target 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 investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Stella-Jones has an average rating of "Buy" and an average price target of C$84.80.

Stella-Jones Stock Down 0.2%

The company has a market cap 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. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53. The firm's fifty day simple moving average is C$78.35 and its 200-day simple moving average is C$72.38.

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.