Stelco (OTCMKTS:STZHF) Given New C$61.00 Price Target at Royal Bank of Canada

Stelco (OTCMKTS:STZHFGet Rating) had its price target boosted by Royal Bank of Canada from C$60.00 to C$61.00 in a research note published on Thursday, The Fly reports.

Several other research firms have also commented on STZHF. JPMorgan Chase & Co. upgraded shares of Stelco to a buy rating and set a $62.00 price target for the company in a report on Thursday, March 24th. National Bank Financial lowered shares of Stelco from an outperform rating to a sector perform rating in a report on Wednesday, March 30th. BMO Capital Markets reduced their price target on shares of Stelco from C$53.00 to C$45.00 in a report on Friday, February 25th. National Bankshares lowered shares of Stelco to a hold rating and set a $55.00 price target for the company. in a report on Wednesday, March 30th. Finally, Exane BNP Paribas upgraded shares of Stelco from an underperform rating to an outperform rating and set a C$56.00 price target for the company in a report on Tuesday, March 15th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $54.67.

Stelco stock opened at $41.03 on Thursday. Stelco has a 1 year low of $10.68 and a 1 year high of $45.45. The firm has a 50-day moving average of $36.05 and a two-hundred day moving average of $33.14.

About Stelco (Get Rating)

Stelco Holdings, Inc engages in the production and sale of steel products. The firm products include hot rolled, coated, cold rolled, and other. It supports a range of customers in the field of steel service center, appliance, automotive, energy, construction, pipe and tube industries in North America.

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