Algoma Steel Group (TSE:ASTL) PT Raised to C$17.50 at Stifel Nicolaus

Algoma Steel Group (TSE:ASTL – Get Rating) had its price objective raised by equities research analysts at Stifel Nicolaus from C$15.00 to C$17.50 in a report issued on Friday, BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 41.82% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. BMO Capital Markets raised their target price on Algoma Steel Group from C$11.00 to C$15.00 in a report on Wednesday, February 15th. Eight Capital downgraded Algoma Steel Group from a “buy” rating to a “neutral” rating and raised their target price for the company from C$10.35 to C$11.00 in a report on Wednesday, February 15th. Finally, Cormark raised their target price on Algoma Steel Group from C$14.00 to C$15.50 in a report on Wednesday, February 15th.

Algoma Steel Group Price Performance

Shares of TSE ASTL opened at C$12.34 on Friday. The company has a debt-to-equity ratio of 8.44, a current ratio of 3.67 and a quick ratio of 1.51. The stock has a fifty day moving average price of C$9.92 and a 200 day moving average price of C$9.84. Algoma Steel Group has a 1-year low of C$7.70 and a 1-year high of C$15.69. The company has a market cap of C$1.28 billion and a PE ratio of 4.38.

Algoma Steel Group Company Profile

(Get Rating)

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.