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

Shares of Russel Metals Inc. (OTCMKTS:RUSMF) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

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

Russel Metals Trading Down 3.3%

Shares of Russel Metals stock traded down $1.14 during trading hours on Friday, hitting $33.85. 2,834 shares of the company’s stock traded hands, compared to its average volume of 13,956. Russel Metals has a 12-month low of $25.24 and a 12-month high of $39.09. The company has a fifty day simple moving average of $33.28 and a 200-day simple moving average of $30.95.

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.