TD Securities Cuts Russel Metals (RUS) Price Target to C$34.00
Russel Metals (TSE:RUS) had its price objective reduced by stock analysts at TD Securities from C$39.00 to C$34.00 in a report released on Friday. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 35.14% from the company’s previous close.
A number of other analysts have also recently weighed in on RUS. Royal Bank of Canada upped their price target on shares of Russel Metals from C$30.00 to C$32.00 and gave the stock a “sector perform” rating in a research report on Monday, August 13th. Raymond James upped their price target on shares of Russel Metals from C$35.00 to C$36.00 and gave the stock a “strong-buy” rating in a research report on Monday, August 13th.
Shares of Russel Metals stock opened at C$25.16 on Friday. The company has a debt-to-equity ratio of 62.66, a current ratio of 2.56 and a quick ratio of 1.02. Russel Metals has a twelve month low of C$23.44 and a twelve month high of C$32.65.
In other news, insider William Michael O’reilly acquired 1,000 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was bought at an average cost of C$28.76 per share, with a total value of C$28,760.00.
About Russel Metals
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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