Algoma Steel Group (TSE:ASTL) Price Target Lowered to C$10.75 at Stifel Nicolaus

Algoma Steel Group (TSE:ASTLFree Report) had its target price decreased by Stifel Nicolaus from C$13.00 to C$10.75 in a research report sent to investors on Tuesday,BayStreet.CA reports.

Several other research firms have also issued reports on ASTL. Royal Bank Of Canada dropped their price objective on Algoma Steel Group from C$10.00 to C$8.00 and set a “sector perform” rating for the company in a research note on Thursday, July 31st. BMO Capital Markets lowered Algoma Steel Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$12.00 to C$8.00 in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$8.92.

Read Our Latest Stock Report on Algoma Steel Group

Algoma Steel Group Stock Performance

Algoma Steel Group stock opened at C$4.94 on Tuesday. The company has a debt-to-equity ratio of 43.70, a current ratio of 3.31 and a quick ratio of 1.51. The stock has a fifty day moving average price of C$6.65 and a two-hundred day moving average price of C$7.61. Algoma Steel Group has a 52-week low of C$4.77 and a 52-week high of C$16.83. The firm has a market capitalization of C$518.37 million, a P/E ratio of -3.41 and a beta of 2.07.

About Algoma Steel Group

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Algoma Steel Group Inc is a Canadian company that produces clean and consistent light gauge steel in North America, offering a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production. Geographically it serves Canada, the United States and the rest of the world, whilst driving key revenue from domestic sales.

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