Stifel Nicolaus Cuts Stelco (TSE:STLC) Price Target to C$47.00

Stelco (TSE:STLC) had its price objective lowered by research analysts at Stifel Nicolaus from C$49.00 to C$47.00 in a report released on Friday, BayStreet.CA reports. Stifel Nicolaus’ price objective indicates a potential upside of 9.38% from the company’s previous close.

Several other research firms have also recently issued reports on STLC. UBS Group set a C$51.00 price objective on Stelco and gave the stock a “neutral” rating in a research report on Tuesday, January 16th. National Bankshares cut their price target on shares of Stelco from C$55.00 to C$54.00 and set an “outperform” rating for the company in a report on Wednesday, April 10th. JPMorgan Chase & Co. decreased their price objective on shares of Stelco from C$56.00 to C$50.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Cormark dropped their target price on shares of Stelco from C$60.00 to C$58.50 in a report on Wednesday, May 1st. Finally, Scotiabank lifted their price target on shares of Stelco from C$46.00 to C$51.00 and gave the company a “sector perform” rating in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Stelco presently has an average rating of “Moderate Buy” and an average price target of C$50.61.

Stelco Stock Performance

Shares of STLC stock opened at C$42.97 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.55 and a debt-to-equity ratio of 69.44. The stock has a 50 day simple moving average of C$41.73 and a 200-day simple moving average of C$42.78. The company has a market cap of C$2.37 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 0.03 and a beta of 2.38. Stelco has a 12-month low of C$32.93 and a 12-month high of C$51.10.

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.