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

Russel Metals Inc. (OTCMKTS:RUSMF) has been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company.

A number of equities analysts have weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Russel Metals in a research note on Friday, February 13th. National Bank Financial lowered Russel Metals from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 12th. Scotiabank reiterated an “outperform” rating on shares of Russel Metals in a research report on Thursday, January 29th. Finally, TD Securities reissued a “buy” rating on shares of Russel Metals in a report on Tuesday.

Russel Metals Stock Up 0.7%

OTCMKTS:RUSMF opened at $39.13 on Wednesday. Russel Metals has a one year low of $27.78 and a one year high of $39.13. The firm’s fifty day moving average is $35.38 and its two-hundred day moving average is $33.01.

About Russel Metals

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.