Stifel Nicolaus Issues Pessimistic Forecast for Russel Metals (TSE:RUS) Stock Price

Russel Metals (TSE:RUS) had its target price lowered by stock analysts at Stifel Nicolaus from C$60.00 to C$54.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 41.40% from the company’s previous close.

RUS has been the subject of several other research reports. National Bankshares decreased their price objective on shares of Russel Metals from C$58.00 to C$55.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. TD Securities boosted their price objective on Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th.

Russel Metals Stock Performance

Shares of Russel Metals stock opened at C$38.19 on Thursday. The firm has a market capitalization of C$2.19 billion, a P/E ratio of 12.30, a P/E/G ratio of 0.59 and a beta of 1.52. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. Russel Metals has a 52 week low of C$34.62 and a 52 week high of C$46.87. The firm’s 50 day moving average is C$39.60 and its two-hundred day moving average is C$41.13.

Insider Transactions at Russel Metals

In related news, Director Brian Robie Hedges sold 5,000 shares of the company’s 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. Company insiders own 0.85% of the company’s stock.

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.