Is Russel Metals Inc’s Fuel Running Low? The Stock Just Declined Again

 Is Russel Metals Inc's Fuel Running Low? The Stock Just Declined Again

The stock of Russel Metals Inc (TSE:RUS) is a huge mover today! About 59,130 shares traded hands. Russel Metals Inc (TSE:RUS) has risen 9.24% since March 10, 2016 and is uptrending. It has outperformed by 3.63% the S&P500.
The move comes after 7 months negative chart setup for the $1.26B company. It was reported on Oct, 17 by We have $18.43 PT which if reached, will make TSE:RUS worth $113.40 million less.

Russel Metals Inc (TSE:RUS) Ratings Coverage

Out of 3 analysts covering Russel Metals (TSE:RUS), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $27 is the highest target while $17 is the lowest. The $20.60 average target is 1.73% above today’s ($20.25) stock price. Russel Metals has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Russel Metals Inc (TSE:RUS) has “Outperform” rating given on Friday, August 14 by Raymond James. TD Securities maintained the shares of RUS in a report on Tuesday, July 28 with “Hold” rating. The firm has “Underperform” rating given on Thursday, October 8 by RBC Capital Markets. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, August 14. On Friday, August 14 the stock rating was maintained by TD Securities with “Hold”.

More important recent Russel Metals Inc (TSE:RUS) news were published by: which released: “The Globe and Mail” on July 13, 2010, also published article titled: “Russel Metals Inc. Notice – 2016 Third Quarter Results Conference Call”, published: “Moody’s downgrades Russel Metals’ rating to Ba2; outlook stable” on May 20, 2015. More interesting news about Russel Metals Inc (TSE:RUS) was released by: and their article: “Moody’s downgrades Russel Metals’ rating to Ba3; outlook negative” with publication date: February 26, 2016.

Russel Metals Inc. is a metals distribution company. The company has a market cap of $1.26 billion. The Company’s divisions include metals service centers, energy products and steel distributors. It currently has negative earnings. The metals service centers segment provides processing and distribution services to a base of end users.

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