Algoma Steel Group (TSE:ASTL – Get Free Report) had its target price dropped by research analysts at BMO Capital Markets from C$14.00 to C$13.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 35.84% from the stock’s previous close.
A number of other equities research analysts have also weighed in on ASTL. Cormark reduced their price objective on shares of Algoma Steel Group from C$17.00 to C$14.50 in a report on Monday. Stifel Nicolaus reduced their price objective on shares of Algoma Steel Group from C$16.00 to C$15.00 in a report on Tuesday, April 9th.
View Our Latest Research Report on Algoma Steel Group
Algoma Steel Group Price Performance
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.
See Also
- Five stocks we like better than Algoma Steel Group
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Chipotle Mexican Grill Stock Split: Where Does it Go From Here?
- How to invest in blue chip stocks
- Arm Holdings and Micron: Top 2 AI Stocks to Buy and Hold
- What Are Growth Stocks and Investing in Them
- Best Buy Stock May Be Best Bought Before the Holiday Season
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.