Stelco (TSE:STLC) Price Target Lowered to C$15.00 at National Bank Financial

Stelco (TSE:STLC) had its price objective lowered by National Bank Financial from C$17.00 to C$15.00 in a report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

STLC has been the subject of several other reports. BMO Capital Markets initiated coverage on Encompass Health in a report on Thursday, June 27th. They issued an outperform rating and a $72.00 price objective for the company. JPMorgan Chase & Co. upped their price target on Masonite International from $66.00 to $71.00 and gave the stock an overweight rating in a research note on Friday, May 3rd. Finally, Goldman Sachs Group upgraded to a buy rating and set a GBX 1,180 ($15.42) price target for the company in a research note on Tuesday, June 4th.

STLC stock opened at C$14.70 on Wednesday. The firm has a market capitalization of $1.32 billion and a P/E ratio of 4.90. Stelco has a twelve month low of C$13.60 and a twelve month high of C$26.30. The company has a 50 day moving average price of C$15.10. The company has a debt-to-equity ratio of 20.12, a current ratio of 2.15 and a quick ratio of 1.29.

About Stelco

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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