Brokerages Set Stelco Holdings Inc. (OTCMKTS:STZHF) Price Target at $52.50

Stelco Holdings Inc. (OTCMKTS:STZHFGet Rating) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $52.50.

STZHF has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on Stelco from C$32.50 to C$36.00 in a research report on Thursday, November 17th. Scotiabank increased their price target on Stelco from C$41.50 to C$45.50 in a research note on Thursday, November 17th. Royal Bank of Canada increased their price target on Stelco from C$42.00 to C$44.00 in a research note on Thursday, November 17th. JPMorgan Chase & Co. cut their price target on Stelco from C$75.00 to C$73.00 in a research note on Thursday, August 4th. Finally, BMO Capital Markets upped their price objective on shares of Stelco from C$49.00 to C$56.00 in a research report on Thursday, November 17th.

Stelco Trading Up 1.1 %

STZHF stock opened at $35.27 on Tuesday. Stelco has a 1-year low of $22.90 and a 1-year high of $45.45. The business’s 50 day moving average is $27.23 and its 200-day moving average is $27.80.

Stelco Company Profile

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Stelco Holdings Inc engages in the production and sale of steel products in Canada, the United States, and internationally. It offers flat-rolled value-added steel, including coated, pre-painted, cold-rolled, and hot-rolled sheet products, as well as pig iron and metallurgical coke. The company sells its products to customers in the construction, automotive, energy, appliance, and pipe and tube industries, as well as to various steel service centers.

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Analyst Recommendations for Stelco (OTCMKTS:STZHF)

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