Russel Metals (TSE:RUS) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Russel Metals Inc. (TSE:RUS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$43.86 and traded as high as C$47.87. Russel Metals shares last traded at C$47.60, with a volume of 202,642 shares changing hands.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a research note on Friday, February 13th. Royal Bank Of Canada increased 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 note on Friday, February 13th. TD Securities boosted their target price on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Scotiabank upped their price target on shares of Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, National Bank Financial downgraded Russel Metals from an “outperform” rating to a “hold” rating and increased their price target for the stock from C$54.00 to C$56.00 in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Russel Metals presently has a consensus rating of “Moderate Buy” and an average target price of C$54.42.

Russel Metals Stock Performance

The firm’s 50 day moving average is C$47.90 and its 200-day moving average is C$43.88. The stock has a market capitalization of C$2.57 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.59 and a beta of 1.00. 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 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.