Russel Metals Inc. (OTCMKTS:RUSMF) has received a consensus rating of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.85.
Several research firms have weighed in on RUSMF. BMO Capital Markets boosted their target price on shares of Russel Metals from $26.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 5th. Raymond James boosted their target price on shares of Russel Metals from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, April 15th. Royal Bank of Canada boosted their target price on shares of Russel Metals from $31.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, May 6th. TD Securities raised shares of Russel Metals from a “hold” rating to a “buy” rating in a research report on Thursday, May 6th. Finally, Scotiabank boosted their target price on shares of Russel Metals from $28.50 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 6th.
RUSMF stock traded up $0.75 during mid-day trading on Friday, reaching $28.12. 4,181 shares of the company traded hands, compared to its average volume of 1,933. The company has a 50 day simple moving average of $24.80. Russel Metals has a fifty-two week low of $10.76 and a fifty-two week high of $29.05.
Russel Metals Inc, a metals distribution company, distributes steel and other metal products 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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