Russel Metals Inc. (OTCMKTS:RUSMF – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.
A number of research analysts have recently commented on the stock. Scotiabank reissued an “outperform” rating on shares of Russel Metals in a research report on Monday, October 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Russel Metals in a research note on Wednesday, September 30th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Russel Metals in a report on Monday. Finally, Raymond James Financial downgraded shares of Russel Metals to a “market perform” rating in a research note on Monday, August 10th.
Check Out Our Latest Stock Report on Russel Metals
Russel Metals Stock Up 4.7%
OTCMKTS RUSMF traded up $2.98 on Monday, reaching $66.40. The company had a trading volume of 205 shares, compared to its average volume of 17,716. Russel Metals has a 1 year low of $27.78 and a 1 year high of $66.95. The firm has a 50-day moving average of $57.76 and a 200-day moving average of $48.11.
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.
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