Russel Metals (OTCMKTS:RUSMF) Price Target Raised to C$39.00 at Stifel Nicolaus

Russel Metals (OTCMKTS:RUSMFGet Rating) had its target price hoisted by analysts at Stifel Nicolaus from C$37.25 to C$39.00 in a research note issued to investors on Monday, The Fly reports.

Other equities analysts have also issued research reports about the stock. TD Securities upgraded shares of Russel Metals from a “hold” rating to a “buy” rating in a report on Monday, April 18th. BMO Capital Markets boosted their target price on shares of Russel Metals from C$34.00 to C$36.00 in a report on Monday, February 14th. Raymond James upped their price objective on shares of Russel Metals from C$41.00 to C$44.00 in a report on Thursday. Finally, Royal Bank of Canada upped their price objective on shares of Russel Metals from C$40.00 to C$41.00 in a report on Monday, April 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $39.50.

RUSMF stock remained flat at $$28.23 during midday trading on Monday. 876 shares of the company traded hands, compared to its average volume of 2,968. Russel Metals has a 1-year low of $22.10 and a 1-year high of $29.92. The company’s fifty day moving average price is $25.73 and its two-hundred day moving average price is $26.10.

About Russel Metals (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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