Scotiabank Trims Russel Metals (OTCMKTS:RUSMF) Target Price to C$37.50

Russel Metals (OTCMKTS:RUSMF – Get Rating) had its target price decreased by stock analysts at Scotiabank from C$38.00 to C$37.50 in a research note issued to investors on Thursday, The Fly reports.

Several other equities analysts have also recently issued reports on the company. Stifel Nicolaus boosted their price target on Russel Metals from C$40.00 to C$41.00 in a research report on Monday, November 21st. TD Securities cut their price target on Russel Metals from C$35.00 to C$33.00 in a research note on Monday, December 19th. Finally, Royal Bank of Canada cut Russel Metals from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 11th.

Russel Metals Price Performance

Shares of RUSMF stock opened at $23.35 on Thursday. The stock’s 50-day moving average is $21.60 and its two-hundred day moving average is $20.88. Russel Metals has a 1 year low of $17.67 and a 1 year high of $28.88.

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.