Russel Metals (TSE:RUS) Shares Pass Above 200-Day Moving Average – Time to Sell?

Russel Metals Inc. (TSE:RUS)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$43.86 and traded as high as C$47.87. Russel Metals shares last traded at C$47.60, with a volume of 202,642 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Stifel Nicolaus increased their target price on shares of Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a research report on Friday, February 13th. National Bank Financial downgraded Russel Metals from an “outperform” rating to a “hold” rating and lifted their price target for the stock from C$54.00 to C$56.00 in a research note on Friday, February 13th. TD Securities lifted their price target on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Royal Bank Of Canada upped their target price on Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Scotiabank raised their price target on Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Russel Metals currently has a consensus rating of “Moderate Buy” and an average target price of C$54.42.

Russel Metals Trading Up 1.3%

The firm has a 50-day moving average of C$47.85 and a 200 day moving average of C$43.86. The company has a current ratio of 3.06, a quick ratio of 1.44 and a debt-to-equity ratio of 30.44. The stock has a market capitalization of C$2.62 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 0.59 and a beta of 1.00.

Russel Metals Company Profile

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.