Steel & Tube shares are high risk: Forsyth Barr
Steel & Tube's rising debt is of concern.
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Hawke’s Bay
Steel & Tube Holdings is a high-risk stock so it deserves to be trading at a much lower price-to-earnings (PE) ratio than its peers, Forsyth Barr analyst Matt Henry says.
Mr Henry has just downgraded his recommendation on Steel & Tube to neutral, largely because the company’s shares have risen
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Jenny Ruth
Wed, 24 May 2017
Wed, 24 May 2017
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Steel & Tube shares are high risk: Forsyth Barr
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