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

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

A number of equities research analysts recently commented on RUSMF shares. Scotiabank restated 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. TD Securities restated a “buy” rating on shares of Russel Metals in a report on Friday, February 13th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Russel Metals in a report on Friday, February 13th.

Russel Metals Trading Down 1.5%

Shares of RUSMF opened at $37.80 on Wednesday. The stock has a 50 day simple moving average of $35.17 and a 200 day simple moving average of $32.82. Russel Metals has a 52-week low of $27.78 and a 52-week high of $39.09.

About Russel Metals

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.