Russel Metals (TSE:RUS) PT Lowered to C$24.00

Russel Metals (TSE:RUS) had its price objective decreased by analysts at TD Securities from C$27.00 to C$24.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 27.19% from the stock’s current price.

Several other research firms have also issued reports on RUS. Raymond James set a C$27.00 price target on shares of Russel Metals and gave the stock an “outperform” rating in a research report on Monday. BMO Capital Markets decreased their price target on shares of Russel Metals from C$26.00 to C$24.00 in a research report on Thursday, July 4th. Finally, Royal Bank of Canada decreased their price target on shares of Russel Metals from C$25.00 to C$22.00 and set a “sector perform” rating on the stock in a research report on Monday.

TSE RUS traded up C$0.09 during midday trading on Monday, hitting C$18.87. The company had a trading volume of 233,846 shares, compared to its average volume of 196,188. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.10 and a current ratio of 2.75. The firm has a market cap of $1.18 billion and a PE ratio of 5.47. The stock has a fifty day moving average of C$21.09. Russel Metals has a fifty-two week low of C$18.73 and a fifty-two week high of C$30.88.

Russel Metals Company Profile

Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.

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