Russel Metals Inc. (OTCMKTS:RUSMF) Given Consensus Rating of “Moderate Buy” by Analysts

Russel Metals Inc. (OTCMKTS:RUSMFGet Rating) has been assigned an average recommendation of “N/A” from the six brokerages that are covering the firm, MarketBeat.com reports. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $38.75.

A number of equities analysts have recently weighed in on the stock. Raymond James lifted their price target on shares of Russel Metals from C$41.00 to C$44.00 in a research report on Thursday, April 21st. TD Securities boosted their price objective on shares of Russel Metals from C$40.00 to C$41.00 in a research report on Thursday, May 5th. Royal Bank of Canada cut their price target on shares of Russel Metals from C$45.00 to C$39.00 in a research report on Monday, July 18th. Scotiabank boosted their price target on shares of Russel Metals from C$37.00 to C$38.50 in a research report on Thursday, May 5th. Finally, Stifel Nicolaus lowered their price objective on shares of Russel Metals from C$40.00 to C$34.00 in a research note on Tuesday, July 5th.

Russel Metals Price Performance

RUSMF opened at $20.75 on Friday. The company has a fifty day moving average price of $21.21 and a two-hundred day moving average price of $24.02. Russel Metals has a 52 week low of $18.41 and a 52 week high of $29.92.

About Russel Metals

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Russel Metals Inc operates as a metal distribution company in North America. The company operates through three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural shapes, bars, sheets, pipes, tubing, and hollow structural steel tubing.

Further Reading

Analyst Recommendations for Russel Metals (OTCMKTS:RUSMF)

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