Today, an analyst has provided a rating update for the Services sector company, Russel Metals (RUS). Raymond James’ analyst Frederic Bastien reiterates their Buy rating on the shares, with a C$31 price target.
According to TipRanks.com, Bastien is ranked #2380 out of 5182 analysts.
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Currently, the analyst consensus on Russel Metals is a Moderate Buy with an average price target of C$28.50.
Russel Metals’ market cap is currently C$1.42B and has a P/E ratio of 6.5. The company has a Price to Book ratio of 1.42.
Russel Metals, Inc. is a metal distribution and processing company, which distributes steel products. The company operates through the following business segments: Metals Service Centers, Energy Products and Steel Distributors. The Metals Service Centers segment provides processing and distribution services to a broad base of customers.
The company’s shares closed on Wednesday at C$23.33.
