TD Securities Issues Pessimistic Forecast for Russel Metals (TSE:RUS) Stock Price

Key Points

• TD Securities has lowered its price target for Russel Metals from C$52.00 to C$50.00, while maintaining a "buy" rating, indicating a potential upside of 25.79% from the current price.
• Stifel Nicolaus also reduced its price target for Russel Metals, dropping it from C$54.50 to C$49.00, with a "buy" rating issued as well.
• Russel Metals stock is currently trading at C$39.75, reflecting a decrease of 0.6% during the trading session.

Russel Metals (TSE:RUS - Get Free Report) had its price objective reduced by stock analysts at TD Securities from C$52.00 to C$50.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' price target would suggest a potential upside of 23.09% from the stock's current price.

Separately, Stifel Nicolaus lowered their target price on shares of Russel Metals from C$54.50 to C$49.00 and set a "buy" rating for the company in a research note on Monday.

Russel Metals Stock Down 0.4%

Russel Metals stock traded down C$0.15 during trading on Monday, reaching C$40.62. The stock had a trading volume of 139,219 shares, compared to its average volume of 158,389. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. Russel Metals has a 52-week low of C$34.62 and a 52-week high of C$46.87. The stock has a market cap of C$2.33 billion, a PE ratio of 13.09, a P/E/G ratio of 0.59 and a beta of 1.52. The business has a 50 day moving average price of C$43.41 and a 200 day moving average price of C$41.39.

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.