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

Russel Metals Inc. (OTCMKTS:RUSMF) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

A number of equities research analysts recently weighed in on the company. TD Securities reissued a “buy” rating on shares of Russel Metals in a research report on Friday. National Bank Financial downgraded Russel Metals from an “outperform” rating to a “sector perform” rating in a research report on Thursday. Scotiabank restated an “outperform” rating on shares of Russel Metals in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Russel Metals in a research report on Friday.

Russel Metals Stock Performance

OTCMKTS RUSMF opened at $33.85 on Friday. The company’s fifty day moving average is $33.36 and its two-hundred day moving average is $30.95. Russel Metals has a 52-week low of $25.24 and a 52-week 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.