Algoma Steel Group Inc. ( TSE:ASTL – Get Free Report ) shares hit a new 52-week high during trading on Monday. The stock traded as high as C$8.21 and last traded at C$8.16, with a volume of 1,171,594 shares trading hands. The stock had previously closed at C$7.60.
Analysts Set New Price Targets
ASTL has been the topic of a number of research analyst reports. BMO Capital Markets reduced their target price on Algoma Steel Group from C$7.00 to C$6.00 and set a “market perform” rating on the stock in a report on Friday, July 31st. Royal Bank Of Canada set a C$6.00 price objective on Algoma Steel Group and gave the stock a “sector perform” rating in a research report on Wednesday, September 2nd. Three analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$6.00.
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Algoma Steel Group Trading Up 7.8%
The stock has a market capitalization of C$863.14 million, a P/E ratio of -1.19 and a beta of 1.99. The company has a current ratio of 2.53, a quick ratio of 1.50 and a debt-to-equity ratio of 478.37. The company has a 50-day moving average price of C$6.24 and ...