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

Shares of Russel Metals Inc. (OTCMKTS:RUSMF – Get Rating) have received a consensus recommendation of “N/A” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $40.75.

A number of equities analysts recently issued reports on the company. Royal Bank of Canada upped their price target on Russel Metals from C$41.00 to C$45.00 in a report on Thursday, May 5th. TD Securities upped their price target on Russel Metals from C$40.00 to C$41.00 in a report on Thursday, May 5th. Stifel Nicolaus upped their price target on Russel Metals from C$39.00 to C$40.00 in a report on Thursday, May 5th. Scotiabank upped their price target on Russel Metals from C$37.00 to C$38.50 in a report on Thursday, May 5th. Finally, Raymond James upped their price target on Russel Metals from C$41.00 to C$44.00 in a report on Thursday, April 21st.

RUSMF stock opened at $20.20 on Thursday. The company’s 50 day moving average price is $24.82 and its 200 day moving average price is $25.35. Russel Metals has a fifty-two week low of $20.10 and a fifty-two week high of $29.92.

Russel Metals Company Profile (Get Rating)

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.

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