Post by
forkliftguy on Mar 06, 2021 2:00pm
Stelco price info
In spite of the recent secondary offering , I still like Stelco stock.
On February 23,2021 , BMO Capital Markets has an outperforming rating and a 33 dollar target.
On February 24,2021, RBC Canada has an outperform rating and a 29 dollar target .
According to Yahoo , Of the 6 analysts covering the stock , The avarage earnigs per share for 2021 is $8.49 . That works out to just over 3 times earnings .
The high estimate is $ 12.98 per share . That works out to just over 2 times earnings . Nothing guaranteed , but with all the infrastructure , New Oil industry demand and New electric cars being built ,It all looks pretty good . Just a retired salesman's opinion .