Will Russel Metals Inc Go Down Anytime Soon?

 Will Russel Metals Inc Go Down Anytime Soon?

The stock of Russel Metals Inc (TSE:RUS) is a huge mover today! About 22,135 shares traded hands. Russel Metals Inc (TSE:RUS) has risen 0.15% since April 1, 2016 and is uptrending. It has underperformed by 1.81% the S&P500.
The move comes after 7 months positive chart setup for the $1.21 billion company. It was reported on Nov, 7 by Barchart.com. We have $29.14 PT which if reached, will make TSE:RUS worth $520.30M more.

Russel Metals Inc (TSE:RUS) Ratings Coverage

Out of 4 analysts covering Russel Metals (TSE:RUS), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. $27 is the highest target while $17 is the lowest. The $20.67 average target is 1.42% above today’s ($20.38) stock price. Russel Metals has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained it with “Market Perform” rating and $21 target price in Friday, August 14 report. TD Securities maintained Russel Metals Inc (TSE:RUS) rating on Tuesday, July 28. TD Securities has “Hold” rating and $25 price target. The firm has “Hold” rating given on Friday, August 14 by TD Securities. Raymond James maintained Russel Metals Inc (TSE:RUS) on Friday, August 14 with “Outperform” rating. RBC Capital Markets downgraded the stock to “Underperform” rating in Thursday, October 8 report.

More recent Russel Metals Inc (TSE:RUS) news were published by: Prnewswire.com which released: “Russel Metals Inc. Notice – 2016 Third Quarter Results Conference Call” on January 15, 2016. Also Theglobeandmail.com published the news titled: “The Globe and Mail” on July 13, 2010. Moodys.com‘s news article titled: “Moody’s downgrades Russel Metals’ rating to Ba2; outlook stable” with publication date: May 20, 2015 was also an interesting one.

Russel Metals Inc. is a metals distribution company. The company has a market cap of $1.21 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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