Algoma Steel Group (TSE:ASTL) PT Raised to C$15.00 at BMO Capital Markets

Algoma Steel Group (TSE:ASTL) had its price target increased by stock analysts at BMO Capital Markets from C$13.00 to C$15.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 8.23% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus raised their price objective on Algoma Steel Group from C$16.00 to C$19.00 in a report on Thursday. Cormark raised their price objective on Algoma Steel Group from C$14.50 to C$18.75 in a report on Monday, July 22nd.

Algoma Steel Group Stock Performance

Shares of ASTL stock traded up C$1.01 during mid-day trading on Thursday, hitting C$13.86. 122,399 shares of the stock were exchanged, compared to its average volume of 53,844. The stock’s fifty day simple moving average is C$10.90 and its two-hundred day simple moving average is C$10.91. The stock has a market capitalization of C$1.44 billion, a price-to-earnings ratio of -63.00 and a beta of 1.48. Algoma Steel Group has a 12-month low of C$8.71 and a 12-month high of C$13.95. The company has a debt-to-equity ratio of 40.09, a quick ratio of 1.51 and a current ratio of 4.19.

About Algoma Steel Group

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.