Stelco (TSE:STLC) Price Target Lowered to C$37.00 at Stifel Nicolaus - MarketBeat

2022-09-24 09:11:13 By : Mr. Jason Peng

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Stelco (TSE:STLC - Get Rating) had its price target lowered by analysts at Stifel Nicolaus from C$41.00 to C$37.00 in a report released on Wednesday, BayStreet.CA reports. Stifel Nicolaus' price target would indicate a potential upside of 13.25% from the stock's previous close.

STLC has been the subject of several other research reports. Eight Capital decreased their target price on Stelco from C$63.85 to C$53.70 and set a "buy" rating for the company in a research note on Wednesday, July 27th. Scotiabank boosted their target price on Stelco from C$43.00 to C$44.00 in a research report on Tuesday, September 13th. BMO Capital Markets reduced their price objective on Stelco from C$53.00 to C$49.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 14th. JPMorgan Chase & Co. dropped their price target on Stelco from C$75.00 to C$73.00 in a research note on Thursday, August 4th. Finally, Royal Bank of Canada lowered their target price on Stelco from C$48.00 to C$47.00 and set a "sector perform" rating for the company in a research note on Friday, August 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from, Stelco currently has an average rating of "Moderate Buy" and an average price target of C$53.37.Stelco Price Performance

Shares of Stelco stock traded down C$0.30 on Wednesday, hitting C$32.67. 72,725 shares of the company were exchanged, compared to its average volume of 384,090. Stelco has a 1-year low of C$30.20 and a 1-year high of C$56.99. The stock has a market capitalization of C$2.07 billion and a price-to-earnings ratio of 1.32. The company has a 50-day moving average price of C$35.39 and a 200 day moving average price of C$40.45. The company has a quick ratio of 1.89, a current ratio of 2.49 and a debt-to-equity ratio of 32.02. About Stelco (Get Rating)

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.See AlsoGeneral Mills: Superior Returns With Less Volatility 3 Defensive Stocks With 60-Year Dividend Hike Streaks3 Airline Stocks Stuck in a Holding PatternRoku Stock is Down but Not Out If You’re Hungry for Value, Take a Bite on Ruth's Hospitality Grp

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