Russel Metals (TSE:RUS - Get Rating) had its target price increased by equities research analysts at Stifel Nicolaus from C$40.00 to C$41.00 in a research note issued to investors on Monday, BayStreet.CA reports. Stifel Nicolaus' price objective indicates a potential upside of 42.56% from the stock's previous close.
Several other research firms also recently weighed in on RUS. Royal Bank of Canada downgraded Russel Metals from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$35.00 to C$34.00 in a research report on Friday, November 11th. BMO Capital Markets lowered their target price on Russel Metals from C$36.00 to C$32.00 in a research report on Friday, August 12th. TD Securities downgraded Russel Metals from a "buy" rating to a "hold" rating and lowered their target price for the company from C$36.00 to C$35.00 in a research report on Friday, November 11th. Finally, Scotiabank lifted their target price on Russel Metals from C$37.50 to C$38.00 in a research report on Friday, November 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Russel Metals currently has an average rating of "Moderate Buy" and an average price target of C$37.71.
Russel Metals Stock Performance
Shares of RUS traded down C$0.20 during trading hours on Monday, hitting C$28.76. The stock had a trading volume of 134,180 shares, compared to its average volume of 234,546. The firm has a market capitalization of C$1.80 billion and a PE ratio of 3.98. The company has a debt-to-equity ratio of 27.05, a current ratio of 3.21 and a quick ratio of 1.44. The stock has a fifty day moving average price of C$27.25 and a 200 day moving average price of C$28.04. Russel Metals has a 12 month low of C$23.80 and a 12 month high of C$36.15.
Russel Metals Company Profile
Russel Metals Inc operates as a metal distribution company in North America. The company operates through three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural shapes, bars, sheets, pipes, tubing, and hollow structural steel tubing.
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