National Bankshares Lowers Russel Metals (TSE:RUS) Price Target to C$55.00

Russel Metals (TSE:RUS) had its target price reduced by analysts at National Bankshares from C$58.00 to C$55.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 46.20% from the stock’s current price.

A number of other research firms also recently commented on RUS. Stifel Nicolaus increased their target price on Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. TD Securities upped their price target on Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$52.50.

Russel Metals Stock Up 5.6 %

Shares of Russel Metals stock traded up C$2.01 during trading on Wednesday, reaching C$37.62. The company had a trading volume of 73,077 shares, compared to its average volume of 192,166. The company has a market cap of C$2.16 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. Russel Metals has a fifty-two week low of C$34.62 and a fifty-two week high of C$46.87. The firm’s fifty day moving average is C$40.18 and its 200-day moving average is C$41.27. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37.

Insiders Place Their Bets

In other Russel Metals news, Director Brian Robie Hedges sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total value of C$211,600.00. 0.85% of the stock is owned by corporate insiders.

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.