Algoma Steel Group (TSE:ASTL) Price Target Cut to C$13.00 by Analysts at BMO Capital Markets

Algoma Steel Group (TSE:ASTL) had its price target cut by BMO Capital Markets from C$14.00 to C$13.00 in a research note issued to investors on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently issued reports on ASTL. Stifel Nicolaus reduced their target price on shares of Algoma Steel Group from C$16.00 to C$15.00 in a research report on Tuesday, April 9th. Cormark cut their price objective on shares of Algoma Steel Group from C$17.00 to C$14.50 in a research report on Monday.

Algoma Steel Group Trading Up 1.7 %

Shares of Algoma Steel Group stock opened at C$9.54 on Monday. The firm has a 50-day moving average of C$10.44 and a 200-day moving average of C$11.17. The stock has a market cap of C$992.54 million, a PE ratio of 14.91 and a beta of 1.54. Algoma Steel Group has a 52-week low of C$8.71 and a 52-week high of C$13.54. The company has a debt-to-equity ratio of 10.83, a quick ratio of 1.51 and a current ratio of 2.88.

Algoma Steel Group Company Profile

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.