Russel Metals (TSE:RUS) Price Target Raised to C$52.00

Russel Metals (TSE:RUS) had its price target lifted by Scotiabank from C$48.00 to C$52.00 in a research note issued on Thursday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 6.93% from the stock’s current price.

RUS has been the topic of a number of other research reports. National Bankshares raised their target price on Russel Metals from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Raymond James Financial lowered their target price on Russel Metals from C$56.00 to C$54.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Finally, Royal Bank Of Canada raised their price target on shares of Russel Metals from C$47.00 to C$51.00 in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$51.83.

Russel Metals Price Performance

Shares of Russel Metals stock traded down C$0.08 during trading on Thursday, hitting C$48.63. 122,599 shares of the company’s stock traded hands, compared to its average volume of 146,551. Russel Metals has a twelve month low of C$34.62 and a twelve month high of C$49.51. The company has a market cap of C$2.71 billion, a PE ratio of 16.65, a PEG ratio of 0.59 and a beta of 1.10. The firm’s fifty day moving average price is C$44.04 and its 200 day moving average price is C$42.59. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 earnings per share for the quarter. Russel Metals had a net margin of 4.27% and a return on equity of 11.03%. The company had revenue of C$1.17 billion during the quarter.

Russel Metals Company Profile

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.