Stifel Nicolaus Boosts Price Target for Russel Metals Stock

Stifel Nicolaus has recently increased its price target for Russel Metals (TSE:RUS) from C$55.50 to C$60.00 in a report released on Friday. This updated price target indicates a potential upside of approximately 39.37% from the stock's current trading price.

A variety of other financial analysts have also shared their insights regarding Russel Metals. Raymond James recently adjusted their price target, raising it from C$50.00 to C$56.00 on November 13. On November 12, TD Securities also revised their target price upwards, from C$46.00 to C$50.00, giving the stock a “buy” rating. Furthermore, the Royal Bank of Canada upgraded Russel Metals from a “sector perform” to an “outperform” rating, changing their price target from C$45.00 to C$51.00 as reported on November 26.

Market Sentiment and Analyst Ratings

At present, one analyst has assigned a hold rating to Russel Metals, while five others have given it a buy rating. According to MarketBeat data, the stock is currently rated as a “Moderate Buy” with a consensus target price of C$50.93, reflecting positive market sentiment surrounding the company's prospects.

Stock Performance Overview

On Friday, the stock of Russel Metals experienced a rise of 4.2%, trading up C$1.72 to reach C$43.05 during midday sessions. A total of 139,520 shares changed hands, which is lower than the average volume of 168,276. The company’s financial ratios include a debt-to-equity ratio of 20.28, a current ratio of 3.37, and a quick ratio of 1.44. Russel Metals has a market capitalization of C$2.47 billion and a price-to-earnings (P/E) ratio of 13.87, with a price-to-earnings-growth (PEG) ratio of 0.59 and a beta of 1.52. The stock's simple moving averages indicate a 50-day average of C$42.12 and a 200-day average of C$40.77. Over the past year, the stock's lowest and highest prices were C$35.20 and C$47.39, respectively.

Company Profile

Russel Metals Inc is a Canadian company specialized in the distribution of metals. The business operates primarily through three segments: metals service centers, energy products, and steel distributors. Their metal service centers are dedicated to providing processing and distribution services to a diverse range of end-users.

Russel, Metals, Stock