Brokerages Set Russel Metals Inc. (OTCMKTS:RUSMF) Target Price at $40.75

Shares of Russel Metals Inc. (OTCMKTS:RUSMF – Get Rating) have earned a consensus rating of “N/A” from the six analysts that are covering the company, Marketbeat reports. The average 1-year price objective among brokers that have covered the stock in the last year is $40.75.

Several brokerages have issued reports on RUSMF. Raymond James lifted their target price on shares of Russel Metals from C$41.00 to C$44.00 in a research note on Thursday, April 21st. Scotiabank boosted their price target on shares of Russel Metals from C$37.00 to C$38.50 in a research report on Thursday, May 5th. Stifel Nicolaus boosted their price target on shares of Russel Metals from C$39.00 to C$40.00 in a research report on Thursday, May 5th. TD Securities boosted their price target on shares of Russel Metals from C$40.00 to C$41.00 in a research report on Thursday, May 5th. Finally, Royal Bank of Canada boosted their price target on shares of Russel Metals from C$41.00 to C$45.00 in a research report on Thursday, May 5th.

Shares of RUSMF opened at $20.20 on Thursday. Russel Metals has a 52-week low of $20.10 and a 52-week high of $29.92. The firm’s fifty day moving average is $24.82 and its two-hundred day moving average is $25.35.

About Russel Metals (Get Rating)

Russel Metals Inc operates as a metal distribution company 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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