Stelco (STLC) Given New C$30.00 Price Target at BMO Capital Markets
Stelco (TSE:STLC) had its price objective dropped by equities researchers at BMO Capital Markets from C$35.00 to C$30.00 in a research report issued to clients and investors on Thursday, September 20th. BMO Capital Markets’ price objective would suggest a potential upside of 40.78% from the stock’s current price.
Separately, National Bank Financial boosted their target price on Stelco from C$33.00 to C$34.50 and gave the stock an “outperform” rating in a report on Thursday, August 2nd.
Shares of TSE STLC traded up C$0.91 during mid-day trading on Thursday, hitting C$21.31. 239,500 shares of the stock traded hands, compared to its average volume of 94,062. Stelco has a 52 week low of C$17.72 and a 52 week high of C$28.00.
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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