Russel Metals Inc (TSE:RUS) had its target price hoisted by investment analysts at BMO Capital Markets from C$21.50 to C$24.00 in a report released on Thursday. BMO Capital Markets’ target price would suggest a potential downside of 3.81% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. TD Securities cut their price target on shares of Russel Metals from C$23.00 to C$21.00 and set a “hold” rating on the stock in a research note on Wednesday, October 19th. Royal Bank Of Canada raised shares of Russel Metals from an “under perform” rating to a “sector perform” rating and increased their price target for the stock from C$19.00 to C$23.00 in a research note on Thursday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Russel Metals currently has an average rating of “Hold” and an average target price of C$22.00.

Analyst Recommendations for Russel Metals (TSE:RUS)

Shares of Russel Metals (TSE:RUS) opened at 24.95 on Thursday. The company has a 50-day moving average of $21.08 and a 200-day moving average of $22.39. Russel Metals has a 12 month low of $13.95 and a 12 month high of $25.00. The stock’s market capitalization is $1.54 billion.

About Russel Metals

Russel Metals Inc is a metals distribution company. The Company’s segments include metals service centers, energy products and steel distributors. The metals service centers segment provides processing and distribution services to a base of end users. Its Energy Products segment distributes oil country tubular goods (OCTG), line pipe, valves and fittings to the energy industry.

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