Russel Metals (OTCMKTS:RUSMF) Given New C$37.00 Price Target at Stifel Nicolaus

Russel Metals (OTCMKTS:RUSMFGet Rating) had its target price cut by Stifel Nicolaus from C$40.00 to C$37.00 in a report issued on Wednesday morning, The Fly reports.

RUSMF has been the topic of a number of other reports. Royal Bank of Canada upped their target price on shares of Russel Metals from C$39.00 to C$42.00 in a report on Monday, August 15th. Scotiabank dropped their target price on shares of Russel Metals from C$38.50 to C$37.50 in a report on Monday, August 15th. Finally, BMO Capital Markets dropped their target price on shares of Russel Metals from C$36.00 to C$32.00 in a report on Friday, August 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Russel Metals currently has a consensus rating of Moderate Buy and a consensus target price of $38.92.

Russel Metals Price Performance

Shares of RUSMF stock opened at $20.97 on Wednesday. The firm’s 50-day moving average is $21.34 and its 200-day moving average is $23.20. Russel Metals has a 52-week low of $18.41 and a 52-week high of $29.92.

About Russel Metals

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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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