TD Securities Forecasts Strong Price Appreciation for Russel Metals (TSE:RUS) Stock

Russel Metals (TSE:RUS - Get Free Report) had its target price lifted by TD Securities from C$50.00 to C$52.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 26.27% from the stock's current price.

Several other research analysts have also issued reports on the company. Stifel Nicolaus boosted their target price on Russel Metals from C$55.50 to C$60.00 in a research report on Friday, February 14th. Raymond James boosted their price objective on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Finally, Royal Bank of Canada upgraded Russel Metals from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Russel Metals currently has an average rating of "Moderate Buy" and a consensus target price of C$51.21.

Russel Metals Trading Down 2.6 %

Shares of RUS stock traded down C$1.10 during trading hours on Tuesday, reaching C$41.18. 139,750 shares of the stock were exchanged, compared to its average volume of 175,696. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. Russel Metals has a 12-month low of C$35.20 and a 12-month high of C$46.87. The firm has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company's 50-day moving average price is C$41.74 and its 200-day moving average price is C$40.90.

Insider Activity at Russel Metals

In other Russel Metals news, Director Brian Robie Hedges sold 5,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total transaction of C$211,600.00. 0.85% of the stock is currently owned by corporate insiders.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.