Russel Metals Inc. (OTCMKTS:RUSMF) Receives Consensus Recommendation of “Buy” from Brokerages

Russel Metals Inc. (OTCMKTS:RUSMF – Get Rating) has earned a consensus rating of “N/A” from the six brokerages that are covering the stock, Marketbeat reports. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $40.75.

A number of equities analysts recently commented on the company. TD Securities raised their target price on Russel Metals from C$40.00 to C$41.00 in a report on Thursday, May 5th. Scotiabank lifted their price objective on Russel Metals from C$37.00 to C$38.50 in a research note on Thursday, May 5th. Raymond James upped their target price on shares of Russel Metals from C$41.00 to C$44.00 in a research note on Thursday, April 21st. BMO Capital Markets boosted their price target on shares of Russel Metals from C$34.00 to C$36.00 in a report on Monday, February 14th. Finally, Stifel Nicolaus boosted their price target on shares of Russel Metals from C$39.00 to C$40.00 in a report on Thursday, May 5th.

Shares of Russel Metals stock opened at $24.73 on Friday. The business has a 50-day moving average of $25.87 and a 200 day moving average of $25.94. Russel Metals has a 12 month low of $22.99 and a 12 month high of $29.92.

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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