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

Shares of Russel Metals Inc. (OTCMKTS:RUSMF) have received an average rating of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

RUSMF has been the topic of several recent analyst reports. National Bank Financial lowered shares of Russel Metals from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 12th. Scotiabank reaffirmed an “outperform” rating on shares of Russel Metals in a research report on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Russel Metals in a research note on Friday, February 13th. Finally, TD Securities reiterated a “buy” rating on shares of Russel Metals in a report on Friday, February 13th.

Russel Metals Price Performance

Shares of OTCMKTS:RUSMF opened at $34.02 on Tuesday. The stock’s 50-day moving average price is $34.62 and its two-hundred day moving average price is $31.50. Russel Metals has a 12-month low of $25.24 and a 12-month high of $39.09.

Russel Metals Company Profile

Russel Metals Inc is one of North America’s leading metal distribution and processing companies, offering a comprehensive range of steel, aluminum, stainless steel, and specialty metal products. Through its extensive network of service centres, the company provides value-added processing such as precision cutting, shearing, burning, drilling, rolling, and plate profiling, alongside inventory management and just-in-time delivery solutions. This integrated model helps industrial, construction, and manufacturing customers optimize supply chains and reduce lead times.

Founded in 1929 and headquartered in Mississauga, Ontario, Russel Metals has grown through organic expansion and strategic acquisitions to establish a broad presence across Canada and the United States.