Stifel Nicolaus Issues Pessimistic Forecast for Russel Metals (TSE:RUS) Stock Price

Key Points

• Stifel Nicolaus has lowered its target price for Russel Metals (TSE:RUS) from C$54.50 to C$49.00, while maintaining a "buy" rating on the stock.
• Shares of Russel Metals are currently down 0.6%, trading at C$39.75, with a 52-week range between C$34.62 and C$46.87.
• The company has a market capitalization of C$2.28 billion and is involved in multiple metals distribution segments, emphasizing its broad service to end-users.

Russel Metals (TSE:RUS - Get Free Report) had its target price reduced by analysts at Stifel Nicolaus from C$54.50 to C$49.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price suggests a potential upside of 23.27% from the company's previous close.

Russel Metals Stock Down 0.6%

Shares of RUS traded down C$0.25 during mid-day trading on Monday, hitting C$39.75. 144,519 shares of the company's stock were exchanged, compared to its average volume of 158,069. Russel Metals has a 52 week low of C$34.62 and a 52 week high of C$46.87. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. The company has a 50-day simple moving average of C$43.63 and a 200 day simple moving average of C$41.44. The company has a market cap of C$2.28 billion, a PE ratio of 12.81, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals Company Profile

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.

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