Russel Metals (TSE:RUS) Given New C$51.00 Price Target at Royal Bank Of Canada

Russel Metals (TSE:RUS) had its price objective boosted by equities research analysts at Royal Bank Of Canada from C$47.00 to C$51.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s price objective suggests a potential upside of 6.74% from the stock’s current price.

RUS has been the subject of several other research reports. National Bankshares raised their price target on Russel Metals from C$55.00 to C$56.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Stifel Nicolaus dropped their price target on Russel Metals from C$49.00 to C$48.00 and set a “buy” rating for the company in a report on Friday, September 19th. Scotiabank raised shares of Russel Metals to a “strong-buy” rating in a research report on Friday, October 10th. Finally, Raymond James Financial dropped their price objective on Russel Metals from C$56.00 to C$54.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat.com, Russel Metals currently has a consensus rating of “Buy” and a consensus price target of C$51.80.

Russel Metals Stock Performance

Shares of Russel Metals stock traded up C$1.64 during trading on Wednesday, hitting C$47.78. 134,183 shares of the stock were exchanged, compared to its average volume of 126,692. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. The company has a fifty day moving average price of C$42.25 and a 200-day moving average price of C$42.29. The stock has a market capitalization of C$2.66 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.10. Russel Metals has a 1-year low of C$34.62 and a 1-year high of C$47.89.

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

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.