Shares of Russel Metals Inc. (OTCMKTS:RUSMF) have been given a consensus recommendation of “Buy” by the six analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $37.67.
Several brokerages have recently weighed in on RUSMF. BMO Capital Markets decreased their target price on shares of Russel Metals from C$35.00 to C$33.00 and set a “market perform” rating on the stock in a research report on Friday, October 8th. Raymond James increased their target price on shares of Russel Metals from C$33.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, June 18th. Royal Bank of Canada upped their price target on shares of Russel Metals from C$39.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Monday, August 9th. Stifel Nicolaus raised their price target on shares of Russel Metals from C$34.25 to C$41.00 and gave the stock a “buy” rating in a research report on Monday, August 9th. Finally, TD Securities increased their price objective on shares of Russel Metals from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research note on Monday, August 9th.
Shares of RUSMF stock traded up $0.48 on Friday, reaching $26.05. 1,023 shares of the stock were exchanged, compared to its average volume of 1,842. Russel Metals has a 1-year low of $13.13 and a 1-year high of $29.91. The firm has a 50 day moving average of $26.66 and a two-hundred day moving average of $26.00.
Russel Metals, Inc is a metal distribution and processing company, which distributes steel products. The firm operates through the following business segments: Metals Service Centers, Energy Products and Steel Distributors. The Metals Service Centers segment provides processing and distribution services to a broad base of customers.
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