Raymond James Reiterates C$31.00 Price Target for Russel Metals (RUS)

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Russel Metals (TSE:RUS) received a C$31.00 price objective from research analysts at Raymond James in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 32.59% from the stock’s previous close.

Several other equities analysts have also recently weighed in on RUS. BMO Capital Markets set a C$26.00 target price on shares of Russel Metals and gave the company a “market perform” rating in a research note on Monday, April 22nd. Royal Bank of Canada cut their target price on shares of Russel Metals from C$32.00 to C$28.00 in a research note on Monday, February 4th.

RUS traded down C$0.18 during trading on Wednesday, hitting C$23.38. 174,119 shares of the company traded hands, compared to its average volume of 200,021. The stock has a market capitalization of $1.45 billion and a price-to-earnings ratio of 6.78. Russel Metals has a 1 year low of C$19.72 and a 1 year high of C$30.99. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.10 and a current ratio of 2.75.

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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