Russel Metals Inc (RUS) PT Raised to C$25.00 at TD Securities
Russel Metals Inc (TSE:RUS) had its target price lifted by TD Securities from C$21.00 to C$25.00 in a research note issued to investors on Thursday. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 0.20% from the company’s previous close.
RUS has been the subject of several other reports. Royal Bank Of Canada cut their price target on shares of Russel Metals from C$21.00 to C$19.00 and set an “underperform” rating for the company in a report on Wednesday, October 5th. Scotiabank raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$21.00 to C$26.00 in a report on Thursday. Finally, BMO Capital Markets increased their price target on shares of Russel Metals from C$21.50 to C$24.00 in a report on Thursday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$22.00.
Shares of Russel Metals (TSE:RUS) opened at 24.95 on Thursday. The firm’s market capitalization is $1.54 billion. Russel Metals has a 12-month low of $13.95 and a 12-month high of $25.00. The company has a 50-day moving average price of $21.08 and a 200 day moving average price of $22.39.
About Russel Metals
Russel Metals Inc is a metals distribution company. The Company’s segments include metals service centers, energy products and steel distributors. The metals service centers segment provides processing and distribution services to a base of end users. Its Energy Products segment distributes oil country tubular goods (OCTG), line pipe, valves and fittings to the energy industry.
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