Stella-Jones Inc (TSE:SJ)’s share price crossed above its 200-day moving average during trading on Friday after CIBC raised their price target on the stock from C$51.00 to C$53.00. The stock has a 200-day moving average of $43.15 and traded as high as $38.80. Stella-Jones shares last traded at $38.32, with a volume of 50,029 shares traded.
Other equities analysts also recently issued reports about the company. Desjardins boosted their price objective on Stella-Jones from C$50.00 to C$54.00 in a research report on Friday, May 3rd. Royal Bank of Canada boosted their price objective on Stella-Jones from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, TD Securities boosted their price objective on Stella-Jones from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd.
The stock has a fifty day moving average of C$38.88 and a 200-day moving average of C$43.13. The company has a quick ratio of 1.76, a current ratio of 6.21 and a debt-to-equity ratio of 56.79. The stock has a market capitalization of $2.66 billion and a price-to-earnings ratio of 18.04.
Stella-Jones Company Profile (TSE:SJ)
Stella-Jones Inc produces, markets, and sells pressure treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers for outdoor applications; industrial products, including bridge timbers, foundation and marine pilings; and construction timbers.
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