National Bankshares Trims Stelco (TSE:STLC) Target Price to C$54.00

Stelco (TSE:STLC) had its price target trimmed by National Bankshares from C$55.00 to C$54.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also weighed in on STLC. JPMorgan Chase & Co. lowered their target price on shares of Stelco from C$56.00 to C$50.00 and set an overweight rating on the stock in a research report on Friday, February 23rd. Royal Bank of Canada upped their target price on shares of Stelco from C$41.00 to C$46.00 in a research report on Tuesday, December 19th. Scotiabank upped their target price on shares of Stelco from C$46.00 to C$51.00 and gave the stock a sector perform rating in a research report on Friday, February 23rd. Stifel Nicolaus increased their price target on shares of Stelco from C$50.00 to C$52.00 in a research report on Wednesday, March 13th. Finally, UBS Group set a C$51.00 price target on shares of Stelco and gave the company a neutral rating in a research report on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$50.83.

Stelco Trading Down 2.7 %

Shares of STLC opened at C$42.75 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.55 and a debt-to-equity ratio of 69.44. The firm’s 50-day moving average is C$41.44 and its two-hundred day moving average is C$42.05. Stelco has a twelve month low of C$32.93 and a twelve month high of C$51.24. The firm has a market capitalization of C$2.36 billion, a P/E ratio of 15.83, a PEG ratio of 0.03 and a beta of 2.35.

Stelco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, March 7th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from Stelco’s previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a dividend yield of 4.68%. Stelco’s dividend payout ratio is currently 74.07%.

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.