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

Shares of Russel Metals Inc. (OTCMKTS:RUSMF) have earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several brokerages have recently issued reports on RUSMF. TD Securities reaffirmed a “buy” rating on shares of Russel Metals in a report on Friday, February 13th. Scotiabank restated an “outperform” rating on shares of Russel Metals in a report on Thursday, January 29th. National Bank Financial cut Russel Metals from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 12th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Russel Metals in a research report on Friday, February 13th.

Russel Metals Stock Performance

Russel Metals stock opened at $33.81 on Friday. Russel Metals has a 1 year low of $25.24 and a 1 year high of $39.09. The firm’s 50 day moving average price is $34.86 and its 200-day moving average price is $31.95.

Russel Metals Company Profile

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.