Today, an analyst has provided a rating update for the Services sector company, Russel Metals (RUS). Analyst Frederic Bastien from Raymond James remains bullish on the stock and has a C$31 price target.
According to TipRanks.com, Bastien is ranked #2252 out of 5185 analysts.
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Russel Metals has an analyst consensus of Moderate Buy, with a price target consensus of C$29, a 24.2% upside from current levels. In a report issued on May 8, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$30 price target.
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Russel Metals’ market cap is currently C$1.46B and has a P/E ratio of 6.8. The company has a Price to Book ratio of 1.48.
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$23.35.
