Stelco (TSE:STLC) Given New C$53.70 Price Target at Eight Capital

Stelco (TSE:STLCGet Rating) had its price target dropped by analysts at Eight Capital from C$63.85 to C$53.70 in a research note issued on Wednesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Eight Capital’s target price would suggest a potential upside of 51.18% from the company’s previous close.

Several other equities analysts have also issued reports on STLC. Stifel Nicolaus assumed coverage on Stelco in a research note on Wednesday, June 29th. They set a “hold” rating and a C$39.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Stelco from C$62.00 to C$67.00 in a research report on Thursday, April 14th. Scotiabank dropped their price objective on Stelco from C$57.00 to C$45.00 in a report on Tuesday. Royal Bank of Canada dropped their price objective on Stelco from C$62.00 to C$48.00 and set a “sector perform” rating on the stock in a report on Thursday, July 14th. Finally, Cormark raised their price target on Stelco from C$55.50 to C$64.00 and gave the stock a “buy” rating in a research note on Wednesday, March 30th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$54.39.

Stelco Stock Up 0.1 %

Shares of TSE:STLC opened at C$35.52 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.86 and a debt-to-equity ratio of 30.44. The business has a fifty day moving average of C$35.78 and a two-hundred day moving average of C$40.63. The stock has a market cap of C$2.57 billion and a P/E ratio of 1.67. Stelco has a 52-week low of C$30.20 and a 52-week high of C$56.99.

About Stelco

(Get Rating)

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.

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