Reliance Steel & Aluminum Co. COO Gregg Mollins sold 3,000 shares of Reliance Steel & Aluminum Co. stock on the open market in a transaction dated Friday, August 9th. The stock was sold at an average price of $70.12, for a total transaction of $210,360.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on RS. Analysts at Credit Suisse initiated coverage on shares of Reliance Steel & Aluminum Co. in a research note to investors on Monday, July 8th. They set an “outperform” rating and a $82.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Reliance Steel & Aluminum Co. from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, July 2nd. They now have a $60.00 price target on the stock. Finally, analysts at Topeka Capital Markets initiated coverage on shares of Reliance Steel & Aluminum Co. in a research note to investors on Wednesday, June 12th. They set a “hold” rating and a $70.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Reliance Steel & Aluminum Co. presently has a consensus rating of “Hold” and a consensus price target of $72.67.
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