Russel Metals Inc. (TSE:RUS) Receives C$54.42 Average PT from Analysts

Shares of Russel Metals Inc. (TSE:RUS) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$54.42.

RUS has been the topic of several research analyst reports. TD Securities increased their price objective on Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. National Bank Financial lowered Russel Metals from an “outperform” rating to a “hold” rating and lifted their target price for the company from C$54.00 to C$56.00 in a research report on Friday, February 13th. Scotiabank upped their target price on Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Royal Bank Of Canada increased their price target on Russel Metals from C$51.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Stifel Nicolaus raised their price target on Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a research note on Friday, February 13th.

Russel Metals Price Performance

Shares of RUS stock opened at C$45.92 on Tuesday. The company has a market capitalization of C$2.53 billion, a P/E ratio of 15.26, a P/E/G ratio of 0.59 and a beta of 1.00. The company’s 50-day simple moving average is C$47.69 and its two-hundred day simple moving average is C$43.71. Russel Metals has a one year low of C$34.62 and a one year high of C$53.37. The company has a debt-to-equity ratio of 30.44, a current ratio of 3.06 and a quick ratio of 1.44.

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.