Algoma Steel Group (TSE:ASTL - Get Free Report) received a C$8.00 target price from stock analysts at Royal Bank of Canada in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank of Canada's price target points to a potential upside of 13.31% from the company's previous close.
Several other equities research analysts have also recently issued reports on the company. BMO Capital Markets lowered their price objective on Algoma Steel Group from C$14.00 to C$12.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus lowered their price target on Algoma Steel Group from C$15.25 to C$14.75 and set a "hold" rating on the stock in a research note on Thursday, April 17th.
Read Our Latest Stock Analysis on Algoma Steel Group
Algoma Steel Group Price Performance
Shares of TSE ASTL traded down C$0.23 during trading on Tuesday, hitting C$7.06. The company had a trading volume of 54,279 shares, compared to its average volume of 145,305. The firm has a market capitalization of C$733.32 million, a price-to-earnings ratio of -4.84 and a beta of 1.50. The stock has a fifty day simple moving average of C$8.38 and a two-hundred day simple moving average of C$11.84. The company has a quick ratio of 1.51, a current ratio of 3.31 and a debt-to-equity ratio of 43.70. Algoma Steel Group has a fifty-two week low of C$5.91 and a fifty-two week high of C$16.83.
Algoma Steel Group Company Profile
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Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.
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