Algoma Steel Group (TSE:ASTL) Price Target Cut to C$21.00 by Analysts at Stifel Nicolaus

Algoma Steel Group (TSE:ASTL) had its price target lowered by equities researchers at Stifel Nicolaus from C$22.00 to C$21.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 75.44% from the company’s previous close.

Algoma Steel Group Stock Up 0.9 %

Shares of ASTL traded up C$0.11 during trading hours on Monday, hitting C$11.97. The company had a trading volume of 68,755 shares, compared to its average volume of 77,185. The firm has a fifty day moving average price of C$14.45 and a 200-day moving average price of C$13.31. The company has a debt-to-equity ratio of 40.70, a quick ratio of 1.51 and a current ratio of 4.19. The stock has a market capitalization of C$1.25 billion, a price-to-earnings ratio of -54.41 and a beta of 1.50. Algoma Steel Group has a 52-week low of C$9.16 and a 52-week high of C$16.83.

Algoma Steel Group Company Profile

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.