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 ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$54.42.

RUS has been the topic of several recent research reports. National Bank Financial lowered Russel Metals from an “outperform” rating to a “hold” rating and lifted their price objective for the stock from C$54.00 to C$56.00 in a report on Friday, February 13th. Stifel Nicolaus upped their target price on 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. Scotiabank raised their target price on Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. TD Securities lifted their price target on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada lifted their price target 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.

Russel Metals Stock Down 0.9%

RUS stock opened at C$46.47 on Tuesday. Russel Metals has a twelve month low of C$34.62 and a twelve month high of C$53.37. The company has a market cap of C$2.56 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.59 and a beta of 1.00. The business’s 50-day simple moving average is C$47.54 and its 200 day simple moving average is C$43.64. The company has a quick ratio of 1.44, a current ratio of 3.06 and a debt-to-equity ratio of 30.44.

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.