RBC Capital Bumps Up Russel Metals Price Target By 2.5%
RBC Capital Bumps Up Russel Metals Price Target By 2.5%
加拿大皇家银行资本将Russel Metals目标价上调2.5%
- RBC Capital analyst Alexander Jackson raised the price target for Russel Metals Inc (TSX:RUS) (OTC:RUSMF) to C$41 from C$40 to incorporate higher near-term steel prices.
- The analyst maintained the Outperform rating on the shares.
- Jackson believes Russel will report a strong quarter that, excluding 2021, ranks as one of the company's best in terms of EBITDA generation despite a lower avg. Steel price in Q1 and some logistics challenges to start the year.
- The analyst expects Russel's repositioning to reduce volatility and grow margins to continue to bear fruit throughout 2022 and management to navigate steel price volatility as they have over the prior two years.
- Price Action: RUS shares are trading higher by 5.36% on TSX at C$34.39 and RUSMF higher by 4.43% at $26.87 on the last check Monday.
- 加拿大皇家银行资本分析师亚历山大·杰克逊上调了罗素金属公司多伦多证券交易所股票代码：RUS)(场外交易代码：RUSMF)从40加元上调至41加元，以纳入较高的近期钢材价格。
- 这位分析师维持了对该股的强于大盘的评级。
- 杰克逊认为，罗素将公布强劲的季度业绩，不包括2021年，尽管平均收益较低，但在EBITDA生成方面，罗素仍是该公司最好的季度之一。第一季度钢材价格和年初的一些物流挑战。
- 这位分析师预计，罗素的重新定位将降低波动性，提高利润率，将在整个2022年继续结出硕果，管理层将像前两年一样驾驭钢铁价格波动。
- 价格行动：周一，RUS股价在多伦多证交所上涨5.36%，至34.39加元，RUSMF上涨4.43%，至26.87美元。