TSE:ASTL

Algoma Steel Group - ASTL Price Target & Analyst Ratings

C$10.43

-0.05 (-0.48%)

(As of 03/30/2023 12:00 AM ET)

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Today's Range: C$10.35
▼
C$10.52
50-Day Range: C$9.28
▼
C$12.34
52-Week Range: C$7.70
▼
C$14.81

Volume: 118,678 shs
Average Volume: 209,713 shs
Market Capitalization: C$1.08 billion

P/E Ratio: 3.92
Dividend Yield: 2.59%
Price Target: C$14.75

Algoma Steel Group Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Moderate Buy
Based on 2 Analyst Ratings

Consensus Analyst Price Target

C$14.75
41.42% Upside

High Prediction	C$17.50
Average Prediction	C$14.75
Low Prediction	C$11.00

Type	Current 3/30/22 to 3/30/23	1 Month Ago 2/28/22 to 2/28/23	3 Months Ago 12/30/21 to 12/30/22	1 Year Ago 3/30/21 to 3/30/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$14.75	C$14.13	C$13.81	C$17.83
Predicted Upside	41.42% Upside	34.44% Upside	35.47% Upside	49.23% Upside

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ASTL Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ASTL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Algoma Steel Group Stock vs. The Competition

Type	Algoma Steel Group	Manufacturing Companies
Consensus Rating Score	2.50	2.43
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Positive News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
3/3/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$15.00 ➝ C$17.50	+41.24%
2/15/2023	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$14.00 ➝ C$15.50	+38.76%
2/15/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$11.00 ➝ C$15.00	+34.29%
2/15/2023	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	C$10.35 ➝ C$11.00	-1.52%

(Data available from 3/30/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

ASTL Price Target - Frequently Asked Questions

What is Algoma Steel Group's consensus rating and price target?: According to the issued ratings of 2 analysts in the last year, the consensus rating for Algoma Steel Group stock is Moderate Buy based on the current 1 hold rating and 1 buy rating for ASTL. The average twelve-month price prediction for Algoma Steel Group is C$14.75 with a high price target of C$17.50 and a low price target of C$11.00. Learn more on ASTL's analyst rating history.
Do Wall Street analysts like Algoma Steel Group more than its competitors?: Analysts like Algoma Steel Group more than other Manufacturing companies. The consensus rating for Algoma Steel Group is Moderate Buy while the average consensus rating for manufacturing companies is Hold. Learn more on how ASTL compares to other companies.
Is Algoma Steel Group being upgraded or downgraded by Wall Street analysts?: Over the previous 90 days, Algoma Steel Group's stock had 1 upgrade and 1 downgrade by analysts.

Does Algoma Steel Group's stock price have much upside?: According to analysts, Algoma Steel Group's stock has a predicted upside of 33.58% based on their 12-month price targets.
What analysts cover Algoma Steel Group?: Algoma Steel Group has been rated by BMO Capital Markets, Cormark, Eight Capital, and Stifel Nicolaus in the past 90 days.

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This page (TSE:ASTL) was last updated on 3/30/2023 by MarketBeat.com Staff

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