Stelco Holdings Inc (TSE:STLC – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$50.50.
STLC has been the subject of a number of research analyst reports. UBS Group set a C$51.00 price target on shares of Stelco and gave the company a “neutral” rating in a report on Tuesday, January 16th. Stifel Nicolaus reduced their target price on shares of Stelco from C$52.00 to C$49.00 and set a “buy” rating for the company in a report on Friday, April 19th. Scotiabank upped their price target on Stelco from C$46.00 to C$51.00 and gave the company a “sector perform” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. reduced their price objective on Stelco from C$56.00 to C$50.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. Finally, National Bankshares cut their target price on Stelco from C$55.00 to C$54.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 10th.
Check Out Our Latest Research Report on Stelco
Stelco Trading Up 0.8 %
Stelco Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.50 per share. This is an increase from Stelco’s previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a yield of 4.96%. The ex-dividend date was Thursday, February 29th. Stelco’s payout ratio is 74.07%.
Stelco Company Profile
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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