Analysts Set Russel Metals Inc. (TSE:RUS) Price Target at C$54.42

Russel Metals Inc. (TSE:RUS) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$54.42.

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price target on Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a report on Friday, February 13th. Scotiabank increased their price objective on Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Royal Bank Of Canada raised their price objective on 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. TD Securities lifted their target price on 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. Finally, National Bank Financial downgraded Russel Metals from an “outperform” rating to a “hold” rating and upped their target price for the company from C$54.00 to C$56.00 in a report on Friday, February 13th.

Russel Metals Trading Up 1.6%

TSE RUS opened at C$46.99 on Tuesday. The firm’s 50 day moving average price is C$47.80 and its two-hundred day moving average price is C$43.81. The company has a debt-to-equity ratio of 30.44, a quick ratio of 1.44 and a current ratio of 3.06. Russel Metals has a twelve month low of C$34.62 and a twelve month high of C$53.37. The stock has a market cap of C$2.59 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 0.59 and a beta of 1.00.

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.