Algoma Steel Group (TSE:ASTL – Get Rating) had its price objective cut by Stifel Nicolaus from C$17.50 to C$16.00 in a research report report published on Monday, The Fly reports.
Several other analysts have also weighed in on the stock. Cormark lifted their price objective on shares of Algoma Steel Group from C$14.00 to C$15.50 in a research note on Wednesday, February 15th. Eight Capital downgraded shares of Algoma Steel Group from a buy rating to a neutral rating and lifted their price target for the company from C$10.35 to C$11.00 in a research note on Wednesday, February 15th. Finally, BMO Capital Markets increased their price objective on shares of Algoma Steel Group from C$11.00 to C$15.00 in a research report on Wednesday, February 15th.
Algoma Steel Group Stock Up 2.0 %
Shares of Algoma Steel Group stock opened at C$10.34 on Monday. The stock’s 50-day moving average is C$10.80 and its 200 day moving average is C$9.63. Algoma Steel Group has a one year low of C$7.70 and a one year high of C$14.02. The firm has a market cap of C$1.07 billion, a price-to-earnings ratio of 3.89 and a beta of 1.52. The company has a debt-to-equity ratio of 8.44, a current ratio of 3.67 and a quick ratio of 1.51.
About Algoma Steel Group
Algoma Steel Group Inc produces and sells steel products primarily in North America. It provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.
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