RBC Capital Bumps Up Russel Metals Price Target By 2.5%
RBC Capital Bumps Up Russel Metals Price Target By 2.5%
加拿大皇家銀行資本將Russel Metals目標價上調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.
- 加拿大皇家銀行資本分析師亞歷山大·傑克遜上調了羅素金屬公司多倫多證券交易所股票代碼:RUS)(場外交易代碼:RUSMF)從40加元上調至41加元,以納入較高的近期鋼材價格。
- 這位分析師維持了對該股的強於大盤的評級。
- 傑克遜認為,羅素將公佈強勁的季度業績,不包括2021年,儘管平均收益較低,但在EBITDA生成方面,羅素仍是該公司最好的季度之一。第一季度鋼材價格和年初的一些物流挑戰。
- 這位分析師預計,羅素的重新定位將降低波動性,提高利潤率,將在整個2022年繼續結出碩果,管理層將像前兩年一樣駕馭鋼鐵價格波動。
- 價格行動:週一,RUS股價在多倫多證交所上漲5.36%,至34.39加元,RUSMF上漲4.43%,至26.87美元。
譯文內容由第三人軟體翻譯。
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