Stifel Nicolaus Lowers Algoma Steel Group (TSE:ASTL) Price Target to C$21.00

Algoma Steel Group (TSE:ASTL) had its price target cut by stock analysts at Stifel Nicolaus from C$22.00 to C$21.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 78.57% from the stock’s current price.

Algoma Steel Group Trading Down 1.3 %

TSE:ASTL opened at C$11.76 on Monday. The company has a market capitalization of C$1.22 billion, a P/E ratio of -53.45 and a beta of 1.50. The stock’s 50 day moving average price is C$14.40 and its 200 day moving average price is C$13.30. The company has a debt-to-equity ratio of 40.70, a quick ratio of 1.51 and a current ratio of 4.19. Algoma Steel Group has a 52 week low of C$9.16 and a 52 week high of C$16.83.

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.