TD Securities Boosts Russel Metals Inc (TSE:RUS) Price Target to C$32.00
Russel Metals Inc (TSE:RUS) had its price objective boosted by equities researchers at TD Securities from C$30.00 to C$32.00 in a report released on Friday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 18.08% from the company’s current price.
Several other brokerages have also commented on RUS. Royal Bank Of Canada lifted their price target on shares of Russel Metals from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Thursday, May 4th. Scotiabank reiterated an “outperform” rating and set a C$31.00 price target on shares of Russel Metals in a research note on Thursday, May 4th. Finally, Raymond James Financial, Inc. lifted their price target on shares of Russel Metals from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Russel Metals has an average rating of “Buy” and a consensus target price of C$30.60.
Shares of Russel Metals (RUS) traded up 1.07% during midday trading on Friday, hitting $27.39. 166,102 shares of the stock were exchanged. The company has a market cap of $1.69 billion and a PE ratio of 20.15. Russel Metals has a 12 month low of $19.81 and a 12 month high of $29.78. The stock has a 50 day moving average price of $25.32 and a 200-day moving average price of $26.10.
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In other Russel Metals news, Director James Francis Dinning acquired 1,500 shares of the company’s stock in a transaction on Monday, May 15th. The shares were bought at an average cost of C$25.89 per share, for a total transaction of C$38,835.00.
About Russel Metals
Russel Metals Inc processes and distributes steel and other metal products in North America. The company operates in three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metals Service Centers segment sells plates, and flat rolled carbon and other general line carbon steel products comprising structurals, bars, sheets, pipes, tubing, and hollow structural steel tubing products, as well as stainless steel, aluminum, and other non-ferrous specialty metal products in various sizes, shapes, and specifications.
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