Stelco (TSE:STLC) Price Target Raised to C$52.00

Stelco (TSE:STLC) had its price objective boosted by research analysts at Stifel Nicolaus from C$50.00 to C$52.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 28.21% from the company’s previous close.

Several other brokerages have also commented on STLC. JPMorgan Chase & Co. lowered their price objective on Stelco from C$56.00 to C$50.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. Scotiabank boosted their price objective on shares of Stelco from C$46.00 to C$51.00 and gave the stock a “sector perform” rating in a research note on Friday, February 23rd. BMO Capital Markets raised their target price on shares of Stelco from C$55.00 to C$58.00 in a research note on Wednesday, December 13th. Royal Bank of Canada boosted their price target on Stelco from C$41.00 to C$46.00 in a research report on Tuesday, December 19th. Finally, UBS Group set a C$51.00 price objective on Stelco and gave the company a “neutral” rating in a research report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$50.06.

Stelco Stock Up 0.5 %

Shares of TSE:STLC traded up C$0.21 during trading on Wednesday, hitting C$40.56. The stock had a trading volume of 185,225 shares, compared to its average volume of 154,058. The company has a market capitalization of C$2.24 billion, a PE ratio of 15.00, a PEG ratio of 0.03 and a beta of 2.35. The company has a quick ratio of 1.55, a current ratio of 1.85 and a debt-to-equity ratio of 69.44. The firm’s fifty day moving average is C$42.40 and its 200 day moving average is C$41.22. Stelco has a 12 month low of C$32.93 and a 12 month high of C$59.13.

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.