BMO Capital Markets Trims Algoma Steel Group (TSE:ASTL) Target Price to C$13.00

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 released on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also commented on the stock. Stifel Nicolaus dropped their price objective on shares of Algoma Steel Group from C$16.00 to C$15.00 in a research note on Tuesday, April 9th. Cormark dropped their price objective on shares of Algoma Steel Group from C$17.00 to C$14.50 in a research note on Monday.

Algoma Steel Group Trading Down 2.0 %

Shares of ASTL opened at C$9.38 on Monday. The company has a debt-to-equity ratio of 10.83, a quick ratio of 1.51 and a current ratio of 2.88. The company’s fifty day moving average is C$10.46 and its 200 day moving average is C$11.18. The stock has a market capitalization of C$975.90 million, a PE ratio of 14.66 and a beta of 1.54. Algoma Steel Group has a fifty-two week low of C$8.71 and a fifty-two week high of C$13.54.

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.