Stifel Nicolaus Issues Pessimistic Forecast for Russel Metals (TSE:RUS) Stock Price

Russel Metals (TSE:RUS) had its price objective dropped by analysts at Stifel Nicolaus from C$60.00 to C$54.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 41.40% from the stock’s current price.

Other research analysts also recently issued reports about the company. TD Securities boosted their price target on Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. National Bankshares reduced their target price on Russel Metals from C$58.00 to C$55.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th.

Russel Metals Stock Performance

TSE RUS opened at C$38.19 on Thursday. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. Russel Metals has a fifty-two week low of C$34.62 and a fifty-two week high of C$46.87. The business has a fifty day moving average of C$39.60 and a 200-day moving average of C$41.13. The stock has a market cap of C$2.19 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Insider Activity

In related news, Director Brian Robie Hedges sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total transaction of C$211,600.00. Insiders own 0.85% of the company’s stock.

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.