BMO Capital Markets Lowers Stelco (TSE:STLC) Target Price to C$53.00

0

Stelco (TSE: STLC) had its price target lowered by equity research analysts at BMO Capital Markets from C$60.00 to C$53.00 in a research note released on Friday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 45.84% from the company’s previous close.

STLC has been the subject of several other reports. Cormark raised its price target on Stelco from C$67.00 to C$68.50 and gave the stock a “buy” rating in a Friday, Nov. 12, report. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a price target of C$48.00 on Stelco shares in a Friday, Jan. 7, report. National Bankshares cut its price target on Stelco from CA$62.00 to CA$55.00 in a Wednesday, January 5, report. Royal Bank of Canada lowered its price target on Stelco from C$64.00 to C$53.00 and set an “outperform” rating for the company in a report released Friday. Finally, Scotiabank cut its price target on Stelco from C$55.00 to C$54.00 and set an “sector performance” rating for the company in a Friday, Jan. 7, report. Two investment analysts gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat data, Stelco currently has a “buy” consensus rating and an average target price of C$54.94.

Shares of STLC traded at C$0.46 during Friday trading hours, hitting C$36.34. The stock had a trading volume of 318,036 shares, compared to an average volume of 594,374. The company has a market capitalization of C$2.81 billion and a PE ratio of 3.02. Stelco has a 12-month low of C$20.11 and a 12-month high of C$51.09. The stock’s 50-day moving average is C$38.71 and its 200-day moving average is C$40.92. The company has a debt ratio of 57.14, a current ratio of 1.26 and a quick ratio of 0.82.

(A d)

There are not many days left on the calendar…and yet the global semiconductor market has reached $466.2 billion – despite the pandemic.

Even better, the chip shortage has created huge opportunities for recurring hits.

These four tech companies are well positioned to take advantage of this rapidly growing demand.

Stelco Company Profile

Stelco Holdings Inc. is a Canada-based company that owns one of North America’s state-of-the-art integrated steelmaking facilities. The Company produces flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products, as well as metallurgical coke. With thickness, 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 in Canada and the United States, as well as a variety of steel service centers, which are regional distributors of steel products.

Featured Story: Marge

Analyst recommendations for Stelco (TSE: STLC)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Stelco right now?

Before you consider Stelco, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Stelco wasn’t on the list.

Although Stelco currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

Comments are closed.