Algoma Steel Group (TSE:ASTL) Price Target Lowered to C$14.00 at BMO Capital Markets

Algoma Steel Group (TSE:ASTLFree Report) had its target price lowered by BMO Capital Markets from C$15.00 to C$14.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

ASTL has been the topic of several other reports. Stifel Nicolaus decreased their target price on shares of Algoma Steel Group from C$16.00 to C$15.00 in a research report on Tuesday, April 9th. Cormark dropped their target price on Algoma Steel Group from C$17.50 to C$17.00 in a research note on Tuesday, March 26th.

Read Our Latest Report on Algoma Steel Group

Algoma Steel Group Trading Up 0.9 %

TSE:ASTL opened at C$10.42 on Monday. The firm has a market cap of C$1.08 billion, a P/E ratio of 16.28 and a beta of 1.54. The company has a current ratio of 2.88, a quick ratio of 1.51 and a debt-to-equity ratio of 10.83. Algoma Steel Group has a 12-month low of C$8.64 and a 12-month high of C$13.54. The stock’s 50 day simple moving average is C$10.78 and its 200-day simple moving average is C$11.31.

About Algoma Steel Group

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Algoma Steel Group Inc produces and sells steel products primarily in North America. The company 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.

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