Posted by admin on Jul 1st, 2022

Analysts at Stifel Nicolaus assumed coverage on shares of Stelco (TSE:STLC – Get Rating) in a research note issued to investors on Wednesday. The firm set a “hold” rating and a C$39.00 price target on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 21.19% from the company’s current price.

STLC has been the topic of several other research reports. BNP Paribas raised Stelco to a “buy” rating and set a C$56.00 target price on the stock in a research note on Tuesday, March 15th. National Bankshares downgraded Stelco from an “outperform” rating to a “hold” rating and boosted their price objective for the stock from C$48.00 to C$55.00 in a research note on Wednesday, March 30th. JPMorgan Chase & Co. boosted their price objective on Stelco from C$62.00 to C$67.00 in a research note on Thursday, April 14th. Royal Bank of Canada boosted their price objective on Stelco from C$61.00 to C$62.00 and gave the stock a “sector perform” rating in a research note on Monday, May 9th. Finally, Scotiabank boosted their price objective on Stelco from C$53.00 to C$57.00 in a research note on Thursday, June 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$57.40.

Shares of Stelco stock opened at C$32.18 on Wednesday. The business’s fifty day moving average price is C$40.26 and its two-hundred day moving average price is C$41.50. The company has a debt-to-equity ratio of 30.44, a current ratio of 1.86 and a quick ratio of 1.27. The company has a market capitalization of C$2.32 billion and a P/E ratio of 1.48. Stelco has a 1-year low of C$30.37 and a 1-year high of C$56.99.

Stelco Company Profile (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.

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