Russel Metals (TSE:RUS) Price Target Raised to C$52.00 at Scotiabank

Russel Metals (TSE:RUS) had its target price lifted by equities researchers at Scotiabank from C$48.00 to C$52.00 in a note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 6.93% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Raymond James Financial cut their price target on shares of Russel Metals from C$56.00 to C$54.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. National Bankshares lifted their price objective on Russel Metals from C$55.00 to C$56.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Royal Bank Of Canada upped their target price on Russel Metals from C$47.00 to C$51.00 in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat, Russel Metals has an average rating of “Buy” and a consensus target price of C$51.83.

Russel Metals Stock Performance

Shares of TSE RUS traded down C$0.08 during midday trading on Thursday, reaching C$48.63. The company’s stock had a trading volume of 122,599 shares, compared to its average volume of 146,551. The firm has a 50 day moving average price of C$44.04 and a 200-day moving average price of C$42.59. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. Russel Metals has a 12-month low of C$34.62 and a 12-month high of C$49.51. The stock has a market capitalization of C$2.71 billion, a P/E ratio of 16.65, a PEG ratio of 0.59 and a beta of 1.10.

Russel Metals (TSE:RUS) last released its earnings results on Wednesday, November 5th. The company reported C$0.63 earnings per share for the quarter. Russel Metals had a net margin of 4.27% and a return on equity of 11.03%. The firm had revenue of C$1.17 billion during the quarter.

About Russel Metals

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.