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.

Russel Metals (TSE:RUS) last issued its earnings results on Thursday, August 8th. The company reported C$0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.48 by C$0.02. The company had revenue of C$936.70 million for the quarter. As a group, research analysts predict that Russel Metals will post 2.26 earnings per share for the current year.

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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