Stelco (TSE:STLC) Hits New 52-Week High at $33.02

Stelco Holdings Inc (TSE:STLC) hit a new 52-week high during trading on Tuesday . The company traded as high as C$33.02 and last traded at C$33.00, with a volume of 606091 shares trading hands. The stock had previously closed at C$31.62.

A number of research analysts have commented on STLC shares. Credit Suisse Group boosted their target price on Stelco to C$26.50 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. National Bankshares upgraded Stelco from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$26.50 to C$36.00 in a research note on Monday, April 19th. National Bank Financial upgraded Stelco to an “outperform” rating and set a C$36.00 price target for the company in a research note on Monday, April 19th. Royal Bank of Canada upped their price target on Stelco from C$29.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 13th. Finally, CSFB upgraded Stelco from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$14.50 to C$26.00 in a research note on Wednesday, February 3rd. Six equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of C$32.94.

The firm has a 50 day moving average of C$28.86 and a two-hundred day moving average of C$22.59. The stock has a market cap of C$2.93 billion and a P/E ratio of -18.42. The company has a debt-to-equity ratio of 201.07, a quick ratio of 0.29 and a current ratio of 0.93.

About Stelco (TSE:STLC)

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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