Algoma Steel Group (TSE:ASTL - Get Free Report) had its price objective hoisted by research analysts at Stifel Nicolaus from C$20.00 to C$22.00 in a research note issued to investors on Friday,BayStreet.CA reports. Stifel Nicolaus' price objective indicates a potential upside of 40.04% from the stock's current price.
Separately, BMO Capital Markets boosted their price target on Algoma Steel Group from C$13.00 to C$15.00 in a research note on Thursday, August 15th.
Get Our Latest Stock Analysis on Algoma Steel Group
Algoma Steel Group Price Performance
TSE ASTL traded down C$0.21 during midday trading on Friday, hitting C$15.71. The company had a trading volume of 50,800 shares, compared to its average volume of 58,484. The firm has a 50-day moving average price of C$14.33 and a 200-day moving average price of C$12.45. The company has a market capitalization of C$1.64 billion, a PE ratio of -71.41 and a beta of 1.50. The company has a current ratio of 4.19, a quick ratio of 1.51 and a debt-to-equity ratio of 40.70. Algoma Steel Group has a twelve month low of C$9.16 and a twelve month high of C$16.83.
Insider Activity
In related news, Director Michael Allan Mcquade sold 36,260 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$13.80, for a total transaction of C$500,388.00. Also, Director David Daniel Sgro sold 6,845 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of C$10.06, for a total transaction of C$68,842.90. Corporate insiders own 7.57% of the company's stock.
About Algoma Steel Group
(
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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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