Russel Metals (TSE:RUS) had its target price dropped by investment analysts at TD Securities from C$39.00 to C$34.00 in a report released on Friday, November 9th. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 46.74% from the company’s current price.
Other equities analysts have also recently issued reports about the company. Royal Bank of Canada increased their target price on Russel Metals from C$30.00 to C$32.00 and gave the stock a “sector perform” rating in a report on Monday, August 13th. Raymond James raised their price target on Russel Metals from C$35.00 to C$36.00 and gave the company a “strong-buy” rating in a report on Monday, August 13th.
Russel Metals stock traded up C$0.02 during trading hours on Friday, hitting C$23.17. The stock had a trading volume of 152,610 shares, compared to its average volume of 192,847. The company has a quick ratio of 1.04, a current ratio of 2.51 and a debt-to-equity ratio of 63.69. Russel Metals has a fifty-two week low of C$22.48 and a fifty-two week high of C$32.65.
In other Russel Metals news, Director Annie Thabet purchased 3,750 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was purchased at an average cost of C$26.00 per share, with a total value of C$97,500.00. Insiders have purchased a total of 4,850 shares of company stock valued at $122,522 over the last ninety days.
Russel Metals Company Profile
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 purchases metal products from steel producers; and packages, processes, and sells carbon hot rolled and cold finished steel, pipe and tubular, and stainless steel and aluminum products, as well as other non-ferrous specialty metals in a range of sizes, shapes, and specifications.
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