Russel Metals Inc. (OTCMKTS:RUSMF) Receives Average Rating of “Moderate Buy” from Analysts

Russel Metals Inc. (OTCMKTS:RUSMF) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

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

Russel Metals Stock Down 1.5%

Shares of RUSMF stock opened at $37.80 on Wednesday. The firm’s 50 day moving average price is $35.17 and its two-hundred day moving average price is $32.82. Russel Metals has a 52-week low of $27.78 and a 52-week high of $39.09.

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.