Stella-Jones (OTCMKTS:STLJF) Reaches New 52-Week High – Should You Buy?

Stella-Jones Inc. (OTCMKTS:STLJF)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $64.3580 and last traded at $64.3580, with a volume of 957 shares. The stock had previously closed at $63.27.

Analysts Set New Price Targets

Separately, Scotiabank reissued a “sector perform” rating on shares of Stella-Jones in a research report on Friday, October 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Stella-Jones currently has an average rating of “Hold”.

Stella-Jones Stock Down 0.8%

The firm has a fifty day simple moving average of $62.07 and a 200 day simple moving average of $59.00.

About Stella-Jones

Stella-Jones Inc is a North American producer and distributor of pressure-treated wood products used in infrastructure, utility and residential applications. The company’s core offerings include treated railroad ties, utility poles, crossarms, landscape timbers and posts designed to withstand environmental stresses and extend service life. These products support a range of end markets from railways and power transmission to fencing and outdoor construction.

Founded in 1970 and headquartered in Montreal, Canada, Stella-Jones has grown through both organic expansion and targeted acquisitions to establish a network of manufacturing and treatment facilities across Canada and the United States.