Russel Metals (OTCMKTS:RUSMF) Price Target Increased to C$40.00 by Analysts at Stifel Nicolaus

Russel Metals (OTCMKTS:RUSMFGet Rating) had its price objective raised by Stifel Nicolaus from C$39.00 to C$40.00 in a report issued on Thursday morning, The Fly reports.

Other research analysts also recently issued reports about the company. TD Securities upped their price objective on Russel Metals from C$40.00 to C$41.00 in a research note on Thursday. BMO Capital Markets boosted their price target on Russel Metals from C$34.00 to C$36.00 in a research report on Monday, February 14th. Royal Bank of Canada boosted their price target on Russel Metals from C$40.00 to C$41.00 in a research report on Monday, April 18th. Raymond James upped their price objective on Russel Metals from C$41.00 to C$44.00 in a report on Thursday, April 21st. Finally, Scotiabank upped their price objective on Russel Metals from C$37.00 to C$38.50 in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Russel Metals currently has an average rating of Buy and a consensus target price of $40.75.

Shares of RUSMF opened at $25.75 on Thursday. The stock has a fifty day moving average price of $25.91 and a 200 day moving average price of $26.14. Russel Metals has a 12 month low of $23.45 and a 12 month 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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