Stella-Jones (TSE:SJ) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Stella-Jones Inc. (TSE:SJ) has crossed above its 200-day moving average, signaling possible upward momentum, with shares last trading at C$74.50.
• Several analysts have updated their price targets for Stella-Jones, with TD Securities raising theirs from C$88.00 to C$90.00, while Desjardins revised it downward from C$98.00 to C$94.00.
• The stock has a market capitalization of C$4.17 billion and currently holds a consensus rating of "Buy" with a price target averaging C$84.80.

Stella-Jones Inc. (TSE:SJ - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$72.58 and traded as high as C$78.95. Stella-Jones shares last traded at C$74.50, with a volume of 460,150 shares traded.

Analysts Set New Price Targets

SJ has been the topic of a number of research reports. TD Securities upped their price target on Stella-Jones from C$88.00 to C$90.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Royal Bank Of Canada increased their price target on Stella-Jones from C$76.00 to C$82.00 in a research note on Monday, July 14th. CIBC cut 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. Finally, Desjardins cut 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. 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$84.80.

Stella-Jones Price Performance

The stock has a market capitalization of C$4.17 billion, a price-to-earnings ratio of 13.01, 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 business has a 50-day simple moving average of C$78.53 and a two-hundred day simple moving average of C$72.58.

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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