Royal Bank Of Canada Forecasts Strong Price Appreciation for Russel Metals (TSE:RUS) Stock

Russel Metals (TSE:RUS) had its price target boosted by investment analysts at Royal Bank Of Canada from C$51.00 to C$55.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 16.72% from the company’s previous close.

Several other brokerages have also recently issued reports on RUS. Stifel Nicolaus cut Russel Metals from a “buy” rating to a “hold” rating and upped their target price for the company from C$49.00 to C$50.50 in a report on Friday, February 6th. Scotiabank lifted their target price on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research report on Friday. National Bank Financial cut shares of Russel Metals from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$54.00 to C$56.00 in a report on Friday. Finally, TD Securities increased their price objective on Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Russel Metals has an average rating of “Moderate Buy” and a consensus target price of C$54.42.

Russel Metals Stock Performance

Shares of Russel Metals stock opened at C$47.12 on Friday. 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$53.37. The firm has a market capitalization of C$2.62 billion, a P/E ratio of 16.14, a PEG ratio of 0.59 and a beta of 1.06. The company has a 50 day moving average price of C$46.10 and a 200 day moving average price of C$42.97.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.63 EPS for the quarter. The business had revenue of C$1.17 billion during the quarter. Russel Metals had a net margin of 4.27% and a return on equity of 11.03%.

Trending Headlines about Russel Metals

Here are the key news stories impacting Russel Metals this week:

• Positive Sentiment: TD Securities raised its price target to C$57.00 and maintained a “buy” rating (≈21.6% upside vs. the cited reference price). This is one of the largest target increases and is a clear bullish catalyst. TD Securities raises target
• Positive Sentiment: Royal Bank of Canada raised its target to C$55.00 and kept an “outperform” rating (≈17.3% upside), reinforcing buy-side interest. RBC raises target
• Positive Sentiment: Scotiabank increased its target to C$54.00 and kept an “outperform” rating (≈15.2% upside), adding another institutional vote of confidence. Scotiabank raises target TickerReport item
• Neutral Sentiment: Stifel Nicolaus nudged its target to C$50.50 and kept a “hold” rating (≈7.7% upside). The smaller increase and neutral stance are less market-moving than the buy/outperform calls. Stifel updates target
• Negative Sentiment: National Bank Financial downgraded Russel Metals from “outperform” to “sector perform” despite raising its target to C$56.00. The downgrade introduces a cautionary note on forward relative performance even though the new target is higher. National Bank downgrades

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.