Russel Metals Inc (TSE:RUS) hit a new 52-week high during trading on Monday . The stock traded as high as C$30.45 and last traded at C$30.34, with a volume of 224275 shares trading hands. The stock had previously closed at C$29.79.
Several brokerages have recently commented on RUS. TD Securities upped their target price on Russel Metals from C$32.00 to C$34.00 and gave the company a “buy” rating in a report on Friday, November 10th. Raymond James Financial upped their target price on Russel Metals from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, November 22nd. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$32.00 target price on shares of Russel Metals in a report on Thursday, November 9th.
The firm has a market cap of $1,870.00, a P/E ratio of 15.89 and a beta of 0.67.
In related news, insider Brian Robie Hedges sold 2,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of C$29.45, for a total value of C$58,900.00. Also, insider Marion Eleanor Britton sold 5,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of C$28.70, for a total value of C$143,500.00. Over the last three months, insiders sold 12,400 shares of company stock valued at $361,280.
About Russel Metals
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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