TD Securities Has Lowered Expectations 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 equities researchers at TD Securities from C$52.00 to C$50.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' target price would suggest a potential upside of 25.79% from the stock's current price.

Separately, Stifel Nicolaus dropped their price target 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 Trading Down 0.6%

Russel Metals stock traded down C$0.25 during trading on Monday, hitting C$39.75. The company had a trading volume of 144,519 shares, compared to its average volume of 158,069. Russel Metals has a 1-year low of C$34.62 and a 1-year high of C$46.87. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. The company's 50 day simple moving average is C$43.63 and its 200-day simple moving average is C$41.44. The stock has a market cap of C$2.28 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

About Russel Metals

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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