Russel Metals (TSE:RUS) Stock Price Expected to Rise, TD Securities Analyst Says

Russel Metals (TSE:RUS) had its price target upped by research analysts at TD Securities from C$50.00 to C$52.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 23.60% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Raymond James upped their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Stifel Nicolaus upped their target price on shares of Russel Metals from C$55.50 to C$60.00 in a research note on Friday. Finally, Royal Bank of Canada upgraded shares of Russel Metals from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$51.21.

Russel Metals Stock Down 1.8 %

Shares of Russel Metals stock traded down C$0.78 during trading on Tuesday, reaching C$42.07. The company had a trading volume of 124,116 shares, compared to its average volume of 169,607. The company has a market cap of C$2.41 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The firm’s fifty day moving average is C$42.01 and its 200-day moving average is C$40.83. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. Russel Metals has a fifty-two week low of C$35.20 and a fifty-two week high of C$46.87.

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.