Russel Metals (TSE:RUS) Price Target Increased to C$24.00 by Analysts at TD Securities
Russel Metals (TSE:RUS) had its target price increased by equities research analysts at TD Securities from C$22.00 to C$24.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 6.52% from the company’s current price.
A number of other equities analysts have also weighed in on RUS. Raymond James restated an “outperform” rating and set a C$25.00 target price on shares of Russel Metals in a research report on Thursday, October 17th. Royal Bank of Canada dropped their target price on shares of Russel Metals from C$25.00 to C$22.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th.
Shares of TSE:RUS opened at C$22.53 on Friday. The company has a debt-to-equity ratio of 70.63, a quick ratio of 1.15 and a current ratio of 2.99. The firm has a fifty day moving average price of C$21.00 and a 200 day moving average price of C$21.32. Russel Metals has a fifty-two week low of C$18.47 and a fifty-two week high of C$26.12. The firm has a market cap of $1.39 billion and a price-to-earnings ratio of 7.80.
In related news, Director Brian Robie Hedges bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of C$19.84 per share, for a total transaction of C$79,360.00. Following the completion of the transaction, the director now owns 119,477 shares in the company, valued at C$2,370,423.68. Also, Director James Francis Dinning purchased 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of C$20.34 per share, for a total transaction of C$50,851.00. Following the purchase, the director now owns 25,000 shares of the company’s stock, valued at C$508,510.
About Russel Metals
Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.
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