Stelco (TSE:STLC) Price Target Increased to C$52.00 by Analysts at Stifel Nicolaus

Stelco (TSE:STLC) had its price objective upped by investment analysts at Stifel Nicolaus from C$50.00 to C$52.00 in a report issued on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 28.21% from the company’s current price.

A number of other research analysts have also recently commented on the company. Royal Bank of Canada upped their price target on Stelco from C$41.00 to C$46.00 in a research note on Tuesday, December 19th. BMO Capital Markets raised their target price on Stelco from C$55.00 to C$58.00 in a report on Wednesday, December 13th. Scotiabank boosted their price target on shares of Stelco from C$46.00 to C$51.00 and gave the stock a “sector perform” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Stelco from C$56.00 to C$50.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. Finally, UBS Group set a C$51.00 target price on shares of Stelco and gave the stock a “neutral” rating in a research note on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$50.06.

Stelco Trading Up 0.5 %

Shares of STLC stock traded up C$0.21 during trading hours on Wednesday, hitting C$40.56. The company had a trading volume of 185,225 shares, compared to its average volume of 154,058. The company has a debt-to-equity ratio of 69.44, a current ratio of 1.85 and a quick ratio of 1.55. The stock has a market capitalization of C$2.24 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 0.03 and a beta of 2.35. The company’s fifty day moving average is C$42.40 and its 200 day moving average is C$41.22. Stelco has a fifty-two week low of C$32.93 and a fifty-two week high of C$59.13.

About Stelco

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.