Stella-Jones (TSE:SJ) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Stella-Jones Inc. (TSE:SJ)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$83.73 and traded as high as C$99.41. Stella-Jones shares last traded at C$97.76, with a volume of 123,315 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SJ. Canadian Imperial Bank of Commerce lifted their price target on Stella-Jones from C$90.00 to C$100.00 in a research report on Friday, February 6th. TD Securities lifted their target price on shares of Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Desjardins set a C$102.00 price target on shares of Stella-Jones and gave the stock a “buy” rating in a report on Friday, December 12th. Raymond James Financial set a C$100.00 price objective on shares of Stella-Jones and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, National Bank Financial increased their target price on Stella-Jones from C$95.00 to C$107.00 and gave the company an “outperform” rating in a research note on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$98.71.

Stella-Jones Stock Performance

The company has a debt-to-equity ratio of 87.53, a quick ratio of 1.20 and a current ratio of 6.85. The company has a market cap of C$5.37 billion, a PE ratio of 16.00, a PEG ratio of 2.40 and a beta of -0.17. The business’s 50-day moving average is C$90.01 and its 200 day moving average is C$83.73.

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. The vast majority of its revenue comes from the Pressure-treated wood segment.