Stifel Nicolaus Forecasts Strong Price Appreciation for Russel Metals (TSE:RUS) Stock

Russel Metals (TSE:RUS) had its target price increased by equities researchers at Stifel Nicolaus from C$55.50 to C$60.00 in a note issued to investors on Friday,BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 39.37% from the company’s current price.

Several other equities analysts have also weighed in on the company. Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. TD Securities lifted their price objective on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Raymond James lifted their price objective on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Russel Metals currently has a consensus rating of “Moderate Buy” and an average price target of C$50.93.

Russel Metals Price Performance

Shares of Russel Metals stock traded up C$1.72 on Friday, hitting C$43.05. The company’s stock had a trading volume of 139,520 shares, compared to its average volume of 168,276. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. Russel Metals has a 1 year low of C$35.20 and a 1 year high of C$47.39. The firm has a fifty day moving average price of C$42.12 and a 200-day moving average price of C$40.77. The company has a market capitalization of C$2.47 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

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.