Russel Metals (RUS) Price Target Lowered to C$28.00 at Royal Bank of Canada

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Russel Metals (TSE:RUS) had its price target decreased by Royal Bank of Canada from C$32.00 to C$28.00 in a research note issued to investors on Monday.

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.

Russel Metals (TSE:RUS) last posted its earnings results on Wednesday, November 7th. The company reported C$1.10 earnings per share (EPS) for the quarter. The business had revenue of C$1.14 billion for the quarter. As a group, equities research analysts anticipate that Russel Metals will post 2.59999972963608 earnings per share for the current fiscal year.

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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