Stella-Jones (TSE:SJ) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Stella-Jones Inc. shares surpassed their two hundred-day moving average of C$75.28, trading as high as C$81.35 during the recent trading session.
• Analysts have varied price targets for Stella-Jones, with CIBC raising its target to C$90.00, while National Bankshares adjusted theirs down to C$92.00; overall, the average target price is C$88.33.
• The company boasts a market capitalization of C$4.49 billion and significant liquidity, as indicated by its current ratio of 6.85.

Stella-Jones Inc. (TSE:SJ - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$75.28 and traded as high as C$81.35. Stella-Jones shares last traded at C$81.25, with a volume of 89,675 shares changing hands.

Analysts Set New Price Targets

Several research firms have weighed in on SJ. CIBC upped their target price on Stella-Jones from C$89.00 to C$90.00 in a report on Friday, October 3rd. National Bankshares reduced their price objective on Stella-Jones from C$93.00 to C$92.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Royal Bank Of Canada upped their price objective on Stella-Jones from C$78.00 to C$87.00 and gave the company a "sector perform" rating in a research report on Wednesday. Finally, Desjardins upped their price objective on Stella-Jones from C$89.00 to C$92.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$88.33.

Stella-Jones Price Performance

The company has a 50-day moving average of C$78.42 and a two-hundred day moving average of C$75.28. The stock has a market capitalization of C$4.49 billion, a PE ratio of 13.68, a P/E/G ratio of 2.40 and a beta of -0.07. The company has a debt-to-equity ratio of 87.53, a current ratio of 6.85 and a quick ratio of 1.20.

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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