Royal Bank of Canada assumed coverage on shares of Russel Metals (OTCMKTS:RUSMF) in a research report sent to investors on Monday morning, The Fly reports. The brokerage issued an outperform rating and a $22.00 price target on the stock.
Several other equities analysts also recently issued reports on the stock. Scotiabank reduced their price target on shares of Russel Metals from $27.00 to $20.00 and set an outperform rating for the company in a report on Friday, April 3rd. TD Securities reduced their target price on shares of Russel Metals from $24.00 to $15.50 and set a hold rating for the company in a research note on Friday, April 3rd. Finally, Raymond James restated a buy rating and issued a $21.00 price target on shares of Russel Metals in a research note on Monday, June 8th.
Shares of OTCMKTS RUSMF opened at $12.50 on Monday. Russel Metals has a 1-year low of $7.75 and a 1-year high of $17.52. The business’s fifty day moving average price is $11.48 and its two-hundred day moving average price is $13.09.
Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.
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