Several other analysts have also recently weighed in on ASTL. Stifel Nicolaus raised shares of Algoma Steel Group from a hold rating to a buy rating and increased their price target for the company from C$10.75 to C$15.00 in a research note on Wednesday. BMO Capital Markets decreased their price target on shares of Algoma Steel Group from C$14.00 to C$11.00 in a research report on Tuesday, January 10th. Finally, Cormark reduced their price objective on shares of Algoma Steel Group from C$19.00 to C$16.50 in a report on Wednesday, September 28th.
Algoma Steel Group Stock Up 5.1 %
ASTL stock opened at C$9.14 on Wednesday. The company has a market cap of C$949.23 million and a price-to-earnings ratio of 1.38. The company has a current ratio of 3.57, a quick ratio of 1.51 and a debt-to-equity ratio of 7.10. Algoma Steel Group has a 12 month low of C$7.70 and a 12 month high of C$15.69. The firm has a 50-day moving average of C$8.58 and a two-hundred day moving average of C$10.12.
About Algoma Steel Group
Algoma Steel Group Inc produces and sells steel products primarily in North America. It 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.
- Procter & Gamble Earnings: A Gamble Worth Taking
- Stocks Slide, Economic Report Paints Gloomy Picture For Economy
- What does Nu Holdings Stock Have To Do With Warren Buffett?
- J.B. Hunt Gets A Flat, Logistic Companies Come Into Focus
- Is Intel Stock On The Verge Of Breaking Out?
Receive News & Ratings for Algoma Steel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algoma Steel Group and related companies with MarketBeat.com's FREE daily email newsletter.