Russel Metals (OTCMKTS:RUSMF) had its target price raised by BMO Capital Markets from $24.00 to $26.00 in a research report report published on Monday, The Fly reports. The firm currently has a market perform rating on the stock.
RUSMF has been the topic of several other research reports. Royal Bank of Canada raised their price objective on Russel Metals from $25.00 to $27.00 and gave the stock an outperform rating in a report on Friday, February 12th. Scotiabank cut Russel Metals from an outperform rating to a sector perform rating and set a $26.50 price target for the company. in a report on Tuesday, March 30th. TD Securities upped their price objective on shares of Russel Metals from $19.00 to $26.00 and gave the company a hold rating in a research note on Wednesday, January 27th. Finally, Stifel Nicolaus raised their target price on shares of Russel Metals from $27.00 to $30.00 and gave the stock a buy rating in a research report on Friday, February 12th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $26.08.
Shares of OTCMKTS:RUSMF opened at $21.02 on Monday. The business’s fifty day moving average price is $20.15 and its two-hundred day moving average price is $17.34. Russel Metals has a one year low of $9.49 and a one year high of $21.74.
Russel Metals Company Profile
Russel Metals Inc, a metals distribution company, distributes steel and other metal products in North America. The company operates through three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural shapes, bars, sheets, pipes, tubing, and hollow structural steel tubing.
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