What’s Next for Russel Metals Inc After Today’s Huge Increase?

 What's Next for Russel Metals Inc After Today's Huge Increase?

The stock of Russel Metals Inc (TSE:RUS) is a huge mover today! About 14,930 shares traded hands. Russel Metals Inc (TSE:RUS) has risen 14.07% since April 20, 2016 and is uptrending. It has outperformed by 8.67% the S&P500.
The move comes after 6 months positive chart setup for the $1.53B company. It was reported on Nov, 24 by Barchart.com. We have $26.79 PT which if reached, will make TSE:RUS worth $61.20M more.

Russel Metals Inc (TSE:RUS) Ratings Coverage

Out of 4 analysts covering Russel Metals (TSE:RUS), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $27 is the highest target while $17 is the lowest. The $21.17 average target is -17.82% below today’s ($25.76) stock price. Russel Metals has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Thursday, October 8 the stock rating was downgraded by RBC Capital Markets to “Underperform”. Raymond James maintained the shares of RUS in a report on Friday, August 14 with “Outperform” rating. The stock of Russel Metals Inc (TSE:RUS) earned “Hold” rating by TD Securities on Friday, August 14. RBC Capital Markets upgraded the shares of RUS in a report on Thursday, November 10 to “Sector Perform” rating. TD Securities maintained Russel Metals Inc (TSE:RUS) on Tuesday, July 28 with “Hold” rating. The stock of Russel Metals Inc (TSE:RUS) has “Market Perform” rating given on Friday, August 14 by BMO Capital Markets.

Another recent and important Russel Metals Inc (TSE:RUS) news was published by Moodys.com which published an article titled: “Moody’s downgrades Russel Metals’ rating to Ba3; outlook negative” on February 26, 2016.

Russel Metals Inc. is a metals distribution company. The company has a market cap of $1.53 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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