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BABA   70.74 (-3.94%)
T   16.82 (-2.94%)
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MU   84.88 (-0.34%)
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GE   139.07 (+0.41%)
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Algoma Steel Group (ASTL) Stock Forecast & Price Target

C$10.68
-0.52 (-4.64%)
(As of 02/8/2024 ET)
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Algoma Steel Group Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings

Analysts' Consensus Price Target

C$15.00
40.45% Upside
High ForecastC$17.50
Average ForecastC$15.00
Low ForecastC$11.00
TypeCurrent Forecast
2/8/23 to 2/8/24		1 Month Ago
1/9/23 to 1/9/24		3 Months Ago
11/10/22 to 11/10/23		1 Year Ago
2/8/22 to 2/8/23
Consensus Rating
Moderate Buy
Hold
Moderate Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$15.00C$14.50C$13.13C$13.21
Predicted Upside40.45% Upside22.04% Upside29.76% Upside47.96% Upside
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ASTL Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ASTL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Algoma Steel Group Stock vs. The Competition

TypeAlgoma Steel GroupBasic Materials Companies
Consensus Rating Score
2.50
2.58
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Neutral News

Recent Analyst Ratings and Stock Forecasts

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/8/2024Cormark
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetC$18.25 ➝ C$17.50+63.55%
2/6/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuyC$18.00 ➝ C$17.50+54.59%
1/24/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperformC$16.00 ➝ C$15.00+31.46%
1/2/2024Beacon Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ HoldC$11.00 ➝ C$14.00+9.89%
2/15/2023Eight Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ NeutralC$10.35 ➝ C$11.00-1.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:59 PM ET.












ASTL Price Target - Frequently Asked Questions

What is Algoma Steel Group's consensus rating and price target?

According to the issued ratings of 4 analysts in the last year, the consensus rating for Algoma Steel Group stock is Moderate Buy based on the current 2 hold ratings and 2 buy ratings for ASTL. The average twelve-month price prediction for Algoma Steel Group is C$15.00 with a high price target of C$17.50 and a low price target of C$11.00. Learn more on ASTL's analyst rating history.

Do Wall Street analysts like Algoma Steel Group more than its competitors?

Analysts like Algoma Steel Group less than other Basic Materials companies. The consensus rating score for Algoma Steel Group is 2.50 while the average consensus rating score for basic materials companies is 2.58. Learn more on how ASTL compares to other companies.

Is Algoma Steel Group being downgraded by Wall Street analysts?

Over the previous 90 days, Algoma Steel Group's stock had 1 downgrade by analysts.

Does Algoma Steel Group's stock price have much upside?

According to analysts, Algoma Steel Group's stock has a predicted upside of 29.83% based on their 12-month stock forecasts.

What analysts cover Algoma Steel Group?

Algoma Steel Group has been rated by Beacon Securities, BMO Capital Markets, Cormark, and Stifel Nicolaus in the past 90 days.


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This page (TSE:ASTL) was last updated on 2/8/2024 by MarketBeat.com Staff

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