Cormark Lowers Algoma Steel Group (TSE:ASTL) Price Target to C$14.50

Algoma Steel Group (TSE:ASTL) had its price objective cut by Cormark from C$17.00 to C$14.50 in a report published on Monday, BayStreet.CA reports.

Several other analysts have also issued reports on the company. Stifel Nicolaus cut their price target on Algoma Steel Group from C$16.00 to C$15.00 in a report on Tuesday, April 9th. BMO Capital Markets cut their price target on Algoma Steel Group from C$15.00 to C$14.00 and set an outperform rating for the company in a report on Monday, June 10th.

Algoma Steel Group Stock Performance

TSE:ASTL opened at C$9.54 on Monday. The stock has a 50-day simple moving average of C$10.44 and a two-hundred day simple moving average of C$11.17. Algoma Steel Group has a 52-week low of C$8.71 and a 52-week high of C$13.54. 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 firm has a market capitalization of C$992.54 million, a PE ratio of 14.91 and a beta of 1.54.

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.