Royal Bank of Canada Increases Stelco (TSE:STLC) Price Target to C$44.00

Stelco (TSE:STLCGet Rating) had its target price hoisted by research analysts at Royal Bank of Canada from C$42.00 to C$44.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 0.30% from the stock’s previous close.

STLC has been the subject of a number of other research reports. BMO Capital Markets increased their price objective on shares of Stelco from C$49.00 to C$56.00 in a report on Thursday. Scotiabank increased their price target on shares of Stelco from C$41.50 to C$45.50 in a research note on Thursday. Stifel Nicolaus increased their price target on shares of Stelco from C$32.50 to C$36.00 in a research note on Thursday. Eight Capital dropped their price target on shares of Stelco from C$53.70 to C$43.25 in a research note on Monday, November 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Stelco from C$75.00 to C$73.00 in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Stelco presently has a consensus rating of “Moderate Buy” and an average target price of C$51.98.

Stelco Stock Down 0.3 %

STLC stock opened at C$43.87 on Thursday. The company has a market cap of C$2.42 billion and a price-to-earnings ratio of 1.77. The company has a current ratio of 2.49, a quick ratio of 1.89 and a debt-to-equity ratio of 32.02. Stelco has a 12 month low of C$30.20 and a 12 month high of C$56.99. The firm has a 50-day moving average of C$35.99 and a two-hundred day moving average of C$36.47.

Stelco Company Profile

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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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