Algoma Steel Group (TSE:ASTL – Get Free Report) 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.
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Algoma Steel Group Stock Performance
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.
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