Russel Metals Inc (RUS) Scheduled to Post Earnings on Wednesday
Russel Metals Inc (TSE:RUS) is set to post its quarterly earnings results after the market closes on Wednesday, August 2nd.
Shares of Russel Metals Inc (TSE RUS) traded down 1.02% during trading on Thursday, hitting $25.12. The stock had a trading volume of 115,808 shares. The stock has a 50-day moving average price of $25.24 and a 200 day moving average price of $26.12. The company has a market cap of $1.55 billion and a P/E ratio of 18.48. Russel Metals Inc has a 12 month low of $19.81 and a 12 month high of $29.78.
In other news, Director James Francis Dinning bought 1,500 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average price of C$25.89 per share, for a total transaction of C$38,835.00.
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Several brokerages recently issued reports on RUS. TD Securities reaffirmed a “hold” rating and set a C$28.00 target price on shares of Russel Metals in a research report on Wednesday, April 19th. Raymond James Financial, Inc. upped their target price on Russel Metals from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. Royal Bank Of Canada upped their target price on Russel Metals from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. Finally, Scotiabank reissued an “outperform” rating and issued a C$31.00 price objective on shares of Russel Metals in a report on Thursday, May 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Russel Metals has an average rating of “Buy” and a consensus target price of C$30.00.
About Russel Metals
Russel Metals Inc is a metals distribution and processing company. The Company primarily distributes steel products. The Company operates through three segments: metals service centers, energy products and steel distributors. The Company provides processing and distribution services to a base of approximately 43,000 end users through a network of 50 locations in Canada and 14 locations in the United States.
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