Stifel Nicolaus Forecasts Strong Price Appreciation for Russel Metals (TSE:RUS) Stock

Russel Metals (TSE:RUS) had its price target hoisted by analysts at Stifel Nicolaus from C$55.50 to C$60.00 in a report released on Friday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 39.37% from the stock’s current price.

A number of other analysts have also recently weighed in on RUS. Raymond James raised their price objective on Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. TD Securities raised their target price on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$50.93.

Russel Metals Stock Up 4.2 %

TSE RUS traded up C$1.72 during midday trading on Friday, hitting C$43.05. 139,520 shares of the company traded hands, compared to its average volume of 168,276. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. The company has a market cap of C$2.47 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company’s 50-day simple moving average is C$42.12 and its 200-day simple moving average is C$40.77. Russel Metals has a 52 week low of C$35.20 and a 52 week high of C$47.39.

Russel Metals Company Profile

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.