Russel Metals (TSE:RUS – Get Free Report) had its price objective upped by investment analysts at Royal Bank Of Canada from C$68.00 to C$92.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 12.65% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Scotia upped their price objective on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 7th. National Bank Financial raised their price target on Russel Metals from C$57.00 to C$75.00 and gave the stock a “sector perform” rating in a research report on Monday. TD lifted their price objective on Russel Metals from C$63.00 to C$68.00 and gave the company a “buy” rating in a report on Monday, May 11th. BMO Capital Markets increased their target price on Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus lifted their price target on shares of Russel Metals from C$64.00 to C$85.00 and gave the company a “hold” rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$70.11.
Read Our Latest Stock Report on RUS
Russel Metals Trading Up 0.9%
Russel Metals (TSE:RUS – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.63 earnings per share (EPS) for the quarter. The firm had revenue of C$1.66 billion during the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%.
Insider Transactions at Russel Metals
In other Russel Metals news, insider John Gregory Reid sold 28,935 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of C$58.62, for a total value of C$1,696,169.70. Following the sale, the insider owned 306,147 shares in the company, valued at approximately C$17,946,337.14. The trade was a 8.64% decrease in their position. Also, Director Brian Robie Hedges sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$63.25, for a total value of C$632,500.00. Insiders have sold a total of 58,935 shares of company stock valued at $3,575,645 in the last ninety days. Corporate insiders own 0.85% of the company’s stock.
About Russel Metals
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.
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