Russel Metals (TSE:RUS) had its target price cut by Royal Bank of Canada from C$25.00 to C$22.00 in a report issued on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Several other brokerages have also recently commented on RUS. BMO Capital Markets cut their price target on shares of Russel Metals from C$26.00 to C$24.00 in a research report on Thursday, July 4th. Raymond James set a C$27.00 price target on shares of Russel Metals and gave the stock an outperform rating in a research report on Monday.
Shares of TSE:RUS opened at C$18.86 on Monday. The business’s 50-day simple moving average is C$20.74. The company has a quick ratio of 1.10, a current ratio of 2.75 and a debt-to-equity ratio of 71.81. Russel Metals has a one year low of C$18.47 and a one year high of C$29.79. The company has a market cap of $1.16 billion and a PE ratio of 5.47.
About Russel Metals
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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