Russel Metals Inc. (RUSMF) – What Are Investment Firms Thinking About This Stock?

Shares of Russel Metals Inc. (OTCMKTS:RUSMF) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company.

A number of research firms have recently issued reports on RUSMF. Scotiabank reissued an “outperform” rating on shares of Russel Metals in a research report on Monday, October 5th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Russel Metals in a research report on Wednesday, September 30th. Raymond James Financial lowered shares of Russel Metals to a “market perform” rating in a research note on Monday, August 10th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Russel Metals in a report on Monday, October 19th.

Russel Metals Price Performance

Shares of Russel Metals stock opened at $66.12 on Monday. Russel Metals has a 1 year low of $27.78 and a 1 year high of $66.95. The stock has a 50-day moving average price of $58.63 and a 200 day moving average price of $49.24.

About Russel Metals

Russel Metals Inc is a Canadian metals distribution and processing company that supplies industrial, commercial and energy-sector customers across North America. The company operates through a network of metals service centers, which provide products, inventory management and processing services tailored to customer requirements.

Its product offerings include carbon steel, stainless steel, aluminum, plate, flat-rolled steel, bars, beams, structural products, pipe and tubular goods. Russel Metals also provides value-added services such as cutting, forming, machining and other processing activities designed to prepare metals for use in manufacturing, construction, infrastructure, transportation and energy applications.

Founded in 1929, Russel Metals has expanded from its Canadian roots to serve customers in Canada and the United States.