▲ +26.46% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Algoma Central in the last 3 months. The average price target is $16.00, with a high forecast of $16.00 and a low forecast of $16.00. The average price target represents a 26.46% upside from the last price of $12.65.
The current consensus among 2 investment analysts is to buy stock in Algoma Central.
Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway in Canada. The company operates in six segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, Investment Properties, and Corporate. It operates 11 self-unloading bulk carriers and 8 gearless bulk carriers; and owns and manages eight double-hull product tankers for the transportation of liquid petroleum products throughout the Great Lakes, the St. Lawrence waterway, and the Atlantic Canada regions. The company also owns eight ocean-going self-unloading vessels that carry coal for power generation, crushed aggregates for construction, gypsum for wallboard manufacturing, iron ore for the steel industry, and salt for winter road safety. In addition, it provides ship repair services; and management services to third parties, as well as owns a shopping center and an apartment building located in Sault Ste. Marie, Ontario. The company was formerly known as Algoma Central Railway and changed its name to Algoma Central Corporation in 1990. Algoma Central Corporation was founded in 1899 and is headquartered in St. Catharines, Canada.