Royal Bank of Canada Trims Russel Metals (TSE:RUS) Target Price to C$25.00

Russel Metals (TSE:RUS) had its price objective trimmed by Royal Bank of Canada from C$28.00 to C$25.00 in a research report released on Tuesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

RUS has been the subject of several other reports. Raymond James set a C$31.00 price objective on Russel Metals and gave the stock an outperform rating in a research report on Wednesday, May 22nd. BMO Capital Markets restated a hold rating on shares of Russel Metals in a research report on Thursday, July 4th.

Shares of RUS stock opened at C$20.60 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 1.10 and a debt-to-equity ratio of 71.81. Russel Metals has a twelve month low of C$19.72 and a twelve month high of C$30.99. The company has a market cap of $1.29 billion and a P/E ratio of 5.97. The stock’s fifty day simple moving average is C$21.60.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$0.55 earnings per share for the quarter, hitting the consensus estimate of C$0.55. The business had revenue of C$1.03 billion for the quarter. On average, analysts anticipate that Russel Metals will post 2.5099999 EPS for the current year.

Russel Metals Company Profile

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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