Stelco (TSE:STLC) PT Raised to C$56.00

Stelco (TSE:STLCGet Rating) had its price target boosted by equities researchers at BMO Capital Markets from C$49.00 to C$56.00 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 27.65% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Stifel Nicolaus upped their price objective on Stelco from C$32.50 to C$36.00 in a research report on Thursday. Eight Capital lowered their price objective on Stelco from C$53.70 to C$43.25 in a research report on Monday, November 7th. JPMorgan Chase & Co. lowered their price objective on Stelco from C$75.00 to C$73.00 in a research report on Thursday, August 4th. Scotiabank increased their price target on Stelco from C$41.50 to C$45.50 in a report on Thursday. Finally, Royal Bank of Canada lowered their price target on Stelco from C$47.00 to C$42.00 and set a “sector perform” rating on the stock in a report on Thursday, October 13th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Stelco presently has an average rating of “Moderate Buy” and an average price target of C$51.98.

Stelco Stock Performance

STLC stock opened at C$43.87 on Thursday. The stock has a market capitalization of C$2.42 billion and a PE ratio of 1.77. Stelco has a 12-month low of C$30.20 and a 12-month high of C$56.99. The company has a current ratio of 2.49, a quick ratio of 1.89 and a debt-to-equity ratio of 32.02. The stock’s 50 day simple moving average is C$35.99 and its 200 day simple moving average is C$36.47.

About Stelco

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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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Analyst Recommendations for Stelco (TSE:STLC)

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