Analyst Price Target is C$50.21
▲ +22.15% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Russel Metals in the last 3 months. The average price target is C$50.21, with a high forecast of C$56.00 and a low forecast of C$45.00. The average price target represents a 22.15% upside from the last price of C$41.11.
Current Consensus is
Moderate Buy
The current consensus among 6 contributing investment analysts is to moderate buy stock in Russel Metals. This rating has held steady since November 2023, when it changed from a Hold consensus rating.
Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The energy products segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an as is basis. The company generates all of its revenue from the North American market.
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