Russel Metals (TSE:RUS) Price Target Raised to C$68.00

by · The Markets Daily

Russel Metals (TSE:RUS – Get Free Report) had its target price lifted by investment analysts at Royal Bank Of Canada from C$63.00 to C$68.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 13.16% from the stock’s previous close.

A number of other research firms have also weighed in on RUS. National Bank Financial increased their price objective on shares of Russel Metals from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. TD boosted their target price on Russel Metals from C$63.00 to C$68.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Stifel Nicolaus upped their target price on Russel Metals from C$49.00 to C$58.50 and gave the company a “hold” rating in a research note on Thursday, May 7th. Raymond James Financial increased their price target on Russel Metals from C$65.00 to C$70.00 in a report on Friday, June 5th. Finally, BMO Capital Markets raised their price target on Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Russel Metals presently has a consensus rating of “Moderate Buy” and an average target price of C$60.61.

Read Our Latest Research Report on Russel Metals

Russel Metals Trading Up 1.5%

RUS traded up C$0.86 during trading on Tuesday, reaching C$60.09. The company had a trading volume of 52,374 shares, compared to its average volume of 228,387. The company has a quick ratio of 1.44, a current ratio of 2.86 and a debt-to-equity ratio of 29.50. The business has a 50 day simple moving average of C$58.57 and a 200-day simple moving average of C$51.13. The stock has a market cap of C$3.30 billion, a P/E ratio of 16.88, a PEG ratio of 0.59 and a beta of 1.16. Russel Metals has a 52 week low of C$39.09 and a 52 week high of C$64.26.

Russel Metals (TSE:RUS – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share for the quarter. The business had revenue of C$1.42 billion for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%.

Insiders Place Their Bets

In related news, insider Martin Leb Juravsky sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of C$63.28, for a total transaction of C$316,400.00. Following the transaction, the insider directly owned 12,356 shares of the company’s stock, valued at C$781,887.68. This represents a 28.81% decrease in their position. Also, Director Brian Robie Hedges sold 10,000 shares of the business’s stock in a transaction dated 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 sold 73,935 shares of company stock worth $4,430,667 over the last quarter. Company insiders own 0.85% of the company’s stock.

Russel Metals Company Profile

(Get Free Report)

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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