Stifel Nicolaus Has Lowered Expectations for Russel Metals (TSE:RUS) Stock Price

Russel Metals (TSE:RUS) had its price objective reduced by research analysts at Stifel Nicolaus from C$60.00 to C$54.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 40.37% from the stock’s previous close.

RUS has been the topic of several other research reports. National Bankshares dropped their price target on Russel Metals from C$58.00 to C$55.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. TD Securities boosted their price objective on shares of Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Russel Metals has an average rating of “Moderate Buy” and an average target price of C$51.64.

Russel Metals Trading Up 0.2 %

RUS stock traded up C$0.09 during mid-day trading on Thursday, hitting C$38.47. 33,758 shares of the company were exchanged, compared to its average volume of 188,471. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. The firm has a market capitalization of C$2.20 billion, a P/E ratio of 12.39, a PEG ratio of 0.59 and a beta of 1.52. Russel Metals has a 12-month low of C$34.62 and a 12-month high of C$46.87. The business has a fifty day simple moving average of C$39.74 and a 200-day simple moving average of C$41.16.

Insider Transactions at Russel Metals

In related news, Director Brian Robie Hedges sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total value of C$211,600.00. 0.85% of the stock is currently owned by corporate insiders.

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.