Analyst Price Target is C$49.29
▲ +13.80% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Russel Metals in the last 3 months. The average price target is C$49.29, with a high forecast of C$56.00 and a low forecast of C$45.00. The average price target represents a 13.80% upside from the last price of C$43.31.
Current Consensus is
Moderate Buy
The current consensus among 7 polled 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. operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products. The Energy Field Stores segment offers specialized products, such as flanges, valves, fittings, and other products to energy industry. The Steel Distributors segment sells steel products to other steel service centers and equipment manufacturers, which include carbon steel plate, flat rolled products, beams, channels, and pipes. Russel Metals Inc. was incorporated in 1929 and is headquartered in Mississauga, Canada.
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