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Alcoa has the Lowest Price to Book Ratio in the Aluminum Industry
Edited by : AL CIRCLE
1 min read
Lowest ratio present the greatest value to investors.
Alcoa (NYSE:AA) is lowest with a price to book ratio of 0.69. Alcoa Inc. produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling. The Company serves customers worldwide primarily in the transportation, packaging, building, and industrial markets with both fabricated and finished products.
Potential upside of 62.9% exists for Alcoa, based on a current level of $10.10 and analysts' average consensus price target of $16.45. The stock should find initial resistance at its 50-day moving average (MA) of $11.28 and further resistance at its 200-day MA of $15.09.
Alcoa (NYSE:AA) is lowest with a price to book ratio of 0.69. Alcoa Inc. produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling. The Company serves customers worldwide primarily in the transportation, packaging, building, and industrial markets with both fabricated and finished products.
Potential upside of 62.9% exists for Alcoa, based on a current level of $10.10 and analysts' average consensus price target of $16.45. The stock should find initial resistance at its 50-day moving average (MA) of $11.28 and further resistance at its 200-day MA of $15.09.
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