A number of other equities research analysts have also recently weighed in on the company. Raymond James dropped their price objective on Russel Metals from C$36.00 to C$31.00 and set a strong-buy rating for the company in a research note on Wednesday, January 23rd. TD Securities dropped their price objective on Russel Metals from C$39.00 to C$34.00 and set a buy rating for the company in a research note on Friday, November 9th.
RUS stock opened at C$23.56 on Monday. The company has a quick ratio of 1.04, a current ratio of 2.51 and a debt-to-equity ratio of 63.69. The firm has a market cap of $1.47 billion and a price-to-earnings ratio of 7.29. Russel Metals has a 52-week low of C$19.72 and a 52-week high of C$32.65.
In other news, Director Annie Thabet acquired 3,750 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was acquired at an average cost of C$26.00 per share, with a total value of C$97,500.00. Also, insider William Michael O’reilly acquired 1,400 shares of the company’s stock in a transaction dated Monday, December 10th. The stock was purchased at an average cost of C$21.20 per share, with a total value of C$29,680.00. Insiders bought 10,656 shares of company stock valued at $245,237 over the last ninety days.
Russel Metals Company Profile
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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