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

Shares of Russel Metals Inc. (OTCMKTS:RUSMF) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several equities research analysts have issued reports on RUSMF shares. National Bank Financial lowered shares of Russel Metals from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 12th. Scotiabank reissued an “outperform” rating on shares of Russel Metals in a report on Thursday, January 29th. TD Securities restated a “buy” rating on shares of Russel Metals in a research report on Friday, February 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Russel Metals in a report on Friday, February 13th.

Russel Metals Stock Performance

Shares of RUSMF opened at $33.81 on Friday. Russel Metals has a 12-month low of $25.24 and a 12-month high of $39.09. The stock has a 50-day moving average price of $34.84 and a 200-day moving average price of $32.01.

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.