TD Securities Raises Russel Metals (RUS) Price Target to C$36.00

Russel Metals (TSE:RUS) had its price target lifted by investment analysts at TD Securities from C$34.00 to C$36.00 in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 17.07% from the company’s previous close.

A number of other equities analysts have also issued reports on RUS. Scotiabank reaffirmed an “outperform” rating and set a C$32.00 target price on shares of Russel Metals in a research report on Thursday, November 9th. Raymond James Financial boosted their target price on shares of Russel Metals from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd.

Shares of Russel Metals (TSE:RUS) traded up C$0.19 during mid-day trading on Monday, reaching C$30.75. 101,310 shares of the company were exchanged, compared to its average volume of 203,358. Russel Metals has a fifty-two week low of C$23.67 and a fifty-two week high of C$30.78. The company has a market capitalization of $1,890.00, a price-to-earnings ratio of 16.10 and a beta of 0.67.

Russel Metals (TSE:RUS) last announced its earnings results on Wednesday, November 8th. The company reported C$0.55 earnings per share (EPS) for the quarter. Russel Metals had a net margin of 3.96% and a return on equity of 16.49%.

In other Russel Metals news, insider Marion Eleanor Britton sold 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of C$28.70, for a total value of C$143,500.00. Also, insider Brian Robie Hedges sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of C$29.45, for a total transaction of C$58,900.00. Insiders sold a total of 12,400 shares of company stock worth $361,280 in the last three months.

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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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