Russel Metals Inc. (TSE:RUS) Given Consensus Rating of “Moderate Buy” by Brokerages

Russel Metals Inc. (TSE:RUS) has earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$54.42.

Several analysts have recently commented on the stock. TD Securities increased their price target on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Royal Bank Of Canada boosted their price objective on shares of Russel Metals from C$51.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Stifel Nicolaus upped their price objective on Russel Metals from C$49.00 to C$50.50 and gave the stock a “hold” rating in a report on Friday, February 13th. National Bank Financial lowered Russel Metals from an “outperform” rating to a “hold” rating and increased their price objective for the company from C$54.00 to C$56.00 in a research report on Friday, February 13th. Finally, 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 note on Friday, February 13th.

Russel Metals Trading Down 0.9%

RUS opened at C$46.47 on Tuesday. Russel Metals has a 1-year low of C$34.62 and a 1-year high of C$53.37. The stock has a market capitalization of C$2.56 billion, a PE ratio of 15.44, a PEG ratio of 0.59 and a beta of 1.00. 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 firm has a 50-day moving average price of C$47.54 and a two-hundred day moving average price of C$43.64.

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.