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

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

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

Russel Metals Stock Performance

TSE:RUS traded down C$0.78 during midday trading on Tuesday, reaching C$42.07. The stock had a trading volume of 124,116 shares, compared to its average volume of 169,607. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$46.87. The firm’s fifty day simple moving average is C$42.01 and its 200-day simple moving average is C$40.83. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. The stock has a market capitalization of C$2.41 billion, a P/E ratio of 13.55, a PEG 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.