Shares of Stelco Holdings Inc (TSE:STLC – Get Rating) have earned an average recommendation of “Buy” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$59.08.
STLC has been the topic of several research analyst reports. BMO Capital Markets reduced their price objective on Stelco from C$71.00 to C$62.00 in a research note on Thursday, May 19th. BNP Paribas raised Stelco to a “buy” rating and set a C$56.00 price objective on the stock in a research note on Tuesday, March 15th. JPMorgan Chase & Co. lifted their price target on Stelco from C$62.00 to C$67.00 in a research note on Thursday, April 14th. National Bankshares lowered Stelco from an “outperform” rating to a “hold” rating and lifted their price target for the company from C$48.00 to C$55.00 in a research note on Wednesday, March 30th. Finally, Cormark lifted their price target on Stelco from C$55.50 to C$64.00 and gave the company a “buy” rating in a research note on Wednesday, March 30th.
STLC stock opened at C$34.35 on Friday. The company has a debt-to-equity ratio of 30.44, a current ratio of 1.86 and a quick ratio of 1.27. The stock has a market capitalization of C$2.48 billion and a price-to-earnings ratio of 1.58. The business’s fifty day moving average price is C$43.03 and its two-hundred day moving average price is C$41.77. Stelco has a fifty-two week low of C$30.37 and a fifty-two week high of C$56.99.
About Stelco (Get Rating)
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.
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