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

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

RUSMF has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Russel Metals in a research report on Friday, February 13th. National Bank Financial lowered Russel Metals from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 12th. TD Securities reissued a “buy” rating on shares of Russel Metals in a research report on Friday, February 13th. Finally, Scotiabank reissued an “outperform” rating on shares of Russel Metals in a research report on Thursday, January 29th.

Russel Metals Stock Up 3.5%

Shares of Russel Metals stock opened at $36.17 on Friday. The stock’s fifty day moving average is $34.85 and its 200-day moving average is $32.08. Russel Metals has a 12-month low of $25.24 and a 12-month 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.