Stelco (STLC) Earns “Sector Perform” Rating from National Bank Financial

Stelco (TSE:STLC)‘s stock had its “sector perform” rating reiterated by research analysts at National Bank Financial in a research report issued on Tuesday, March 20th. They presently have a C$29.00 price objective on the stock. National Bank Financial’s price target suggests a potential upside of 22.52% from the stock’s current price.

Several other analysts have also issued reports on the company. BMO Capital Markets upped their target price on Stelco from C$25.00 to C$30.00 in a report on Wednesday, February 21st. CSFB upped their target price on Stelco from C$29.00 to C$32.00 in a report on Wednesday, February 7th.

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Shares of Stelco stock traded up C$0.18 during trading on Tuesday, reaching C$23.67. The stock had a trading volume of 62,908 shares, compared to its average volume of 73,047. Stelco has a 52 week low of C$17.72 and a 52 week high of C$28.00.

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Stelco Company Profile

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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