Russel Metals (TSE:RUS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Russel Metals (TSE:RUS - Get Free Report) had its price objective boosted by research analysts at Stifel Nicolaus from C$55.50 to C$60.00 in a report issued on Friday,BayStreet.CA reports. Stifel Nicolaus' target price would suggest a potential upside of 42.08% from the stock's current price.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada raised shares of Russel Metals from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th. Raymond James raised their target price on Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Finally, TD Securities upped their price target on Russel Metals from C$46.00 to C$50.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Russel Metals currently has a consensus rating of "Moderate Buy" and a consensus price target of C$51.21.

Russel Metals Stock Performance

RUS traded down C$0.62 during trading on Friday, hitting C$42.23. 309,452 shares of the company traded hands, compared to its average volume of 175,377. Russel Metals has a one year low of C$35.20 and a one year high of C$46.87. The stock's fifty day moving average is C$41.94 and its 200 day moving average is C$40.85. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. The firm has a market cap of C$2.42 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals Company Profile

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.