Russel Metals Inc (TSE:RUS) had its price target boosted by investment analysts at Scotiabank from C$31.00 to C$32.00 in a research note issued on Thursday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 28.93% from the stock’s current price.
RUS has been the topic of a number of other reports. Raymond James Financial, Inc. upgraded shares of Russel Metals from a “market perform” rating to an “outperform” rating and increased their price objective for the company from C$26.00 to C$30.00 in a research note on Wednesday, April 19th. TD Securities reiterated a “hold” rating and set a C$28.00 price objective on shares of Russel Metals in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada increased their price objective on shares of Russel Metals from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Russel Metals presently has a consensus rating of “Buy” and an average price target of C$30.20.
Russel Metals (TSE:RUS) traded up 8.74% during trading on Thursday, hitting $26.99. 670,807 shares of the stock traded hands. Russel Metals has a 12 month low of $19.81 and a 12 month high of $29.78. The firm has a market cap of $1.67 billion and a PE ratio of 19.86. The firm has a 50-day moving average price of $25.32 and a 200 day moving average price of $26.10.
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In related news, Director James Francis Dinning purchased 1,500 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was acquired at an average price of C$25.89 per share, with a total value of C$38,835.00.
About Russel Metals
Russel Metals Inc processes and distributes steel and other metal products in North America. The company operates in three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metals Service Centers segment sells plates, and flat rolled carbon and other general line carbon steel products comprising structurals, bars, sheets, pipes, tubing, and hollow structural steel tubing products, as well as stainless steel, aluminum, and other non-ferrous specialty metal products in various sizes, shapes, and specifications.
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