Free Trial

Russel Metals (RUS) Stock Forecast & Price Target

C$36.89
+0.36 (+0.99%)
(As of 07/12/2024 08:53 PM ET)

Russel Metals - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

C$47.07
27.60% Upside
High ForecastC$54.00
Average ForecastC$47.07
Low ForecastC$43.00
TypeCurrent Forecast
7/16/23 to 7/15/24
1 Month Ago
6/16/23 to 6/15/24
3 Months Ago
4/17/23 to 4/16/24
1 Year Ago
7/16/22 to 7/16/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
1 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$47.07C$47.64C$48.79C$39.86
Forecasted Upside27.60% Upside16.87% Upside12.13% Upside12.72% Upside
Get Russel Metals Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for RUS and its competitors with MarketBeat's FREE daily newsletter.

RUS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

RUS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Russel Metals Stock vs. The Competition

TypeRussel MetalsIndustrials Companies
Consensus Rating Score
2.57
2.59
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/2/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetSector PerformC$47.00 ➝ C$43.00+16.66%
4/25/2024TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetHoldC$48.00 ➝ C$45.00+14.21%
4/19/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuyC$55.50 ➝ C$54.00+37.37%
4/17/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOutperformC$52.00 ➝ C$48.00+21.80%
4/17/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetSector PerformC$50.00 ➝ C$48.50+23.07%
2/9/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperformC$44.00 ➝ C$46.00+3.95%
12/5/2023National Bankshares
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeSector Perform ➝ OutperformC$42.00 ➝ C$45.00+8.07%
12/4/2023National Bank Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
M. Sytchev
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeSector Perform Market Weight ➝ Outperform Market Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 03:39 AM ET.

RUS Forecast - Frequently Asked Questions

What is Russel Metals' forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Russel Metals is C$47.07, with a high forecast of C$54.00 and a low forecast of C$43.00.

Should I buy or sell Russel Metals stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Russel Metals in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RUS shares.

Does Russel Metals's stock price have much upside?

According to analysts, Russel Metals's stock has a predicted upside of 17.56% based on their 12-month stock forecasts.

What analysts cover Russel Metals?

Russel Metals has been rated by research analysts at Raymond James, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, and TD Securities in the past 90 days.

Do Wall Street analysts like Russel Metals more than its competitors?

Analysts like Russel Metals less than other "industrials" companies. The consensus rating score for Russel Metals is 2.57 while the average consensus rating score for "industrials" companies is 2.59. Learn more on how RUS compares to other companies.


This page (TSE:RUS) was last updated on 7/15/2024 by MarketBeat.com Staff

From Our Partners