Algoma Steel Group (TSE:ASTL) Given New C$15.25 Price Target at Stifel Nicolaus

Algoma Steel Group (TSE:ASTL) had its price objective lowered by Stifel Nicolaus from C$21.00 to C$15.25 in a research note published on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Algoma Steel Group Trading Up 4.4 %

Shares of ASTL stock opened at C$9.40 on Friday. The firm has a market cap of C$976.38 million, a P/E ratio of -6.45 and a beta of 1.50. Algoma Steel Group has a 1-year low of C$7.54 and a 1-year high of C$16.83. The company has a debt-to-equity ratio of 43.70, a current ratio of 3.31 and a quick ratio of 1.51. The firm’s 50-day simple moving average is C$11.20 and its 200-day simple moving average is C$13.18.

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.