Russel Metals Inc. (TSE:RUS) had its price target increased by analysts at TD Securities from C$32.00 to C$34.00 in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 18.51% from the company’s current price.
Separately, Scotiabank reaffirmed an “outperform” rating and set a C$32.00 target price on shares of Russel Metals in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$31.00.
Shares of Russel Metals (TSE RUS) opened at C$28.69 on Friday. Russel Metals has a one year low of C$23.67 and a one year high of C$29.78.
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Russel Metals Company Profile
Russel Metals Inc is a metals distribution and processing company. The Company primarily distributes steel products. The Company operates through three segments: metals service centers, energy products and steel distributors. The Company provides processing and distribution services to a base of approximately 43,000 end users through a network of 50 locations in Canada and 14 locations in the United States.
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