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. The Company operates from two facilities: LEW near Nanticoke, Ontario and HW in Hamilton, Ontario.
Stelco Trading Down 1.3 %
Shares of STLC traded down C$0.48 during mid-day trading on Friday, reaching C$36.60. The stock had a trading volume of 15,921 shares, compared to its average volume of 390,198. The company has a debt-to-equity ratio of 32.02, a current ratio of 2.49 and a quick ratio of 1.89. The firm has a market cap of C$2.51 billion and a price-to-earnings ratio of 1.51. The business's fifty day moving average is C$34.56 and its 200 day moving average is C$40.75. Stelco has a 52-week low of C$30.20 and a 52-week high of C$56.99.
Analyst Ratings Changes
Several equities analysts have issued reports on STLC shares. National Bankshares lifted their price objective on Stelco from C$51.00 to C$55.00 in a research report on Wednesday, July 13th. Stifel Nicolaus boosted their price target on Stelco from C$39.00 to C$40.00 in a report on Friday, August 12th. Scotiabank dropped their target price on Stelco from C$45.00 to C$43.00 in a report on Monday. BMO Capital Markets reduced their price target on Stelco from C$71.00 to C$62.00 in a research report on Thursday, May 19th. Finally, Eight Capital dropped their price target on Stelco from C$63.85 to C$53.70 and set a "buy" rating for the company in a research note on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$54.87.