Raymond James Financial, Inc. Increases Russel Metals Inc. (RUS) Price Target to C$32.00
Russel Metals Inc. (TSE:RUS) had its price objective hoisted by equities research analysts at Raymond James Financial, Inc. from C$31.00 to C$32.00 in a report issued on Wednesday. The firm presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price would indicate a potential upside of 11.85% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the company. TD Securities lifted their target price on Russel Metals from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Scotiabank reissued an “outperform” rating and set a C$32.00 target price on shares of Russel Metals in a research report on Thursday, November 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$31.20.
Russel Metals (TSE RUS) traded up C$0.26 during mid-day trading on Wednesday, reaching C$28.61. The company had a trading volume of 167,548 shares, compared to its average volume of 208,396. Russel Metals has a fifty-two week low of C$23.67 and a fifty-two week high of C$29.78.
Russel Metals Company Profile
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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