Russel Metals Inc. (OTCMKTS:RUSMF) has received a consensus rating of “Buy” from the six research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $37.67.
Several brokerages recently issued reports on RUSMF. Raymond James boosted their price target on Russel Metals from C$33.00 to C$37.00 and gave the company an “outperform” rating in a research report on Friday, June 18th. Scotiabank boosted their price target on Russel Metals from C$32.00 to C$34.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 28th. BMO Capital Markets decreased their price target on Russel Metals from C$35.00 to C$33.00 and set a “market perform” rating on the stock in a research note on Friday, October 8th. Royal Bank of Canada upped their target price on Russel Metals from C$39.00 to C$41.00 and gave the company an “outperform” rating in a research note on Monday, August 9th. Finally, TD Securities boosted their price target on Russel Metals from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Monday, August 9th.
Shares of RUSMF traded up $0.48 during midday trading on Friday, reaching $26.05. 1,023 shares of the stock were exchanged, compared to its average volume of 1,842. Russel Metals has a twelve month low of $13.13 and a twelve month high of $29.91. The business’s 50-day moving average price is $26.66 and its 200 day moving average price is $26.00.
Russel Metals, Inc is a metal distribution and processing company, which distributes steel products. The firm operates through the following business segments: Metals Service Centers, Energy Products and Steel Distributors. The Metals Service Centers segment provides processing and distribution services to a broad base of customers.
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