Mechel PAO’s (MTL) Hold Rating Reaffirmed at Canaccord Genuity
Mechel PAO (NYSE:MTL)‘s stock had its “hold” rating restated by stock analysts at Canaccord Genuity in a note issued to investors on Thursday. They currently have a $16.50 price objective on the basic materials company’s stock. Canaccord Genuity’s target price would indicate a potential upside of 256.37% from the company’s current price.
A number of other equities analysts have also commented on MTL. BidaskClub upgraded shares of Mechel PAO from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. ValuEngine lowered shares of Mechel PAO from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
Mechel PAO (NYSE MTL) traded up $0.02 during trading hours on Thursday, reaching $4.63. 179,200 shares of the company’s stock were exchanged, compared to its average volume of 220,484. Mechel PAO has a 52-week low of $4.16 and a 52-week high of $6.83. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of -0.07.
About Mechel PAO
Mechel PAO, formerly Mechel OAO, is a holding company. The Company operates in the mining, steel and power industry segments. Its segments include Steel segment, comprising production and sales of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products, and value-added downstream metal products, including forgings, stampings, and hardware, and ferrosilicon; Mining segment, comprising production and sales of coal (coking and steam), and middlings, coke and chemical products, and iron ore, which supplies raw materials to the Steel and Power segments, and also sells raw materials to third parties, and Power segment, comprising generation and sales of electricity and heat power, which supplies electricity and heat power to the Steel and Mining segments, and also sells a portion of electricity and heat power to third parties.
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