Stella-Jones (TSE:SJ) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Stella-Jones Inc. (TSE:SJ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$70.33 and traded as high as C$79.22. Stella-Jones shares last traded at C$78.82, with a volume of 95,244 shares.

Analysts Set New Price Targets

A number of research firms recently weighed in on SJ. TD Securities upped their price objective on shares of Stella-Jones from C$88.00 to C$90.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Royal Bank of Canada upped their price target on shares of Stella-Jones from C$75.00 to C$76.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 8th. Desjardins reduced their price objective on shares of Stella-Jones from C$98.00 to C$94.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. CIBC reduced their price target on Stella-Jones from C$86.00 to C$79.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Finally, Scotiabank dropped their price objective on Stella-Jones from C$85.00 to C$79.00 in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$86.17.

Stella-Jones Price 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 stock has a 50 day simple moving average of C$70.67 and a two-hundred day simple moving average of C$70.33. The company has a market cap of C$4.41 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64.

Insider Activity

In other Stella-Jones news, Director James Augustus Manzi sold 1,000 shares of the firm’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of C$65.79, for a total transaction of C$65,788.60. Company insiders own 0.14% of the company’s stock.

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.