There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Zijin Mining Group Co (ZIJMF – Research Report), Algoma Steel Group (ASTL – Research Report) and Air Products and Chemicals (APD – Research Report) with bullish sentiments.
Zijin Mining Group Co (ZIJMF)
Jefferies analyst Shuhang Jiang maintained a Buy rating on Zijin Mining Group Co on January 1 and set a price target of HK$14.30. The company’s shares closed last Friday at $1.56.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zijin Mining Group Co with a $2.00 average price target.
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Algoma Steel Group (ASTL)
In a report released yesterday, Katja Jancic from BMO Capital maintained a Buy rating on Algoma Steel Group, with a price target of C$16.00. The company’s shares closed last Wednesday at $9.65, close to its 52-week high of $10.25.
According to TipRanks.com, Jancic is a 5-star analyst with an average return of
Algoma Steel Group has an analyst consensus of Moderate Buy, with a price target consensus of $12.24, a 28.4% upside from current levels. In a report issued on December 21, Stifel Nicolaus also maintained a Buy rating on the stock with a C$19.00 price target.
Air Products and Chemicals (APD)
BMO Capital analyst John McNulty maintained a Buy rating on Air Products and Chemicals yesterday and set a price target of $307.00. The company’s shares closed last Wednesday at $270.86.
According to TipRanks.com, McNulty is a 4-star analyst with an average return of
Air Products and Chemicals has an analyst consensus of Moderate Buy, with a price target consensus of $301.69.
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