Stelco (TSE:STLC) PT Raised to C$11.00 at BMO Capital Markets

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Stelco (TSE:STLC) had its target price increased by BMO Capital Markets from C$10.00 to C$11.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

STLC has been the topic of several other research reports. Credit Suisse Group dropped their price objective on Stelco from C$12.00 to C$10.00 in a research note on Thursday, May 7th. CSFB dropped their price objective on Stelco from C$12.00 to C$10.00 in a research note on Thursday, May 7th. Finally, National Bank Financial dropped their price objective on Stelco from C$8.00 to C$7.00 and set a sector perform rating on the stock in a research note on Thursday, May 7th.

Stelco stock opened at C$9.18 on Monday. Stelco has a 12 month low of C$3.24 and a 12 month high of C$13.19. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 96.16. The business’s 50 day simple moving average is C$7.96 and its 200 day simple moving average is C$7.22. The company has a market cap of $707.93 million and a price-to-earnings ratio of -16.97.

Stelco Company Profile

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.

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