Stella-Jones (TSE:SJ) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Stella-Jones Inc. shares crossed above the 200-day moving average, trading as high as C$80.44 before closing at C$78.84.
• Analysts have adjusted their price targets for the stock, with Royal Bank of Canada lowering its target from C$82.00 to C$78.00 while maintaining a "sector perform" rating.
• The company holds a market capitalization of C$4.36 billion and has an average analyst rating of "Buy" with a consensus price target of C$84.50.

Stella-Jones Inc. (TSE:SJ - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$74.14 and traded as high as C$80.44. Stella-Jones shares last traded at C$78.84, with a volume of 107,787 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SJ. Royal Bank Of Canada cut 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. Desjardins cut 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 report on Friday, August 8th. Finally, National Bankshares cut 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 report on Friday, August 8th. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$84.50.

Stella-Jones Stock Down 1.8%

The firm's 50 day simple moving average is C$78.73 and its 200 day simple moving average is C$74.35. The company has a market cap of C$4.30 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.00. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53.

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.