Algoma Central (ALC) has received a rating update from a Wall Street analyst today. The company received a Buy rating from GMP FirstEnergy’s analyst Anoop Prihar, with a C$20 price target.
Prihar has an average return of 4.0% when recommending Algoma Central.
According to TipRanks.com, Prihar is ranked #3671 out of 5128 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Algoma Central with a C$20 average price target.
Algoma Central’s market cap is currently C$532.3M and has a P/E ratio of 13.3. The company has a Price to Book ratio of 0.78.
Algoma Central Corp. is a shipping company, which engages in owning and operating flag fleet of dry-bulk carriers and product tankers. It operates through the following segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, and Global Short Sea Shipping.
The company’s shares closed on Monday at C$13.98.
