Russel Metals (RUS) Stock Forecast & Price Target

C$44.57

-0.43 (-0.96%)

(As of 02/9/2024 08:58 PM ET)

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Russel Metals Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 7 Analyst Ratings

Analysts' Consensus Price Target

C$47.64
6.89% Upside

High Forecast	C$56.00
Average Forecast	C$47.64
Low Forecast	C$43.00

Type	Current Forecast 2/12/23 to 2/12/24	1 Month Ago 1/13/23 to 1/13/24	3 Months Ago 11/14/22 to 11/14/23	1 Year Ago 2/12/22 to 2/12/23
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy
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)	3 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$47.64	C$47.36	C$42.86	C$37.79
Predicted Upside	6.89% Upside	12.84% Upside	13.91% Upside	20.78% Upside

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RUS Analyst Ratings 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.

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.

Russel Metals Stock vs. The Competition

Type	Russel Metals	Industrials Companies
Consensus Rating Score	2.57	2.54
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/9/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$44.00 ➝ C$46.00	+3.95%
12/21/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$48.00 ➝ C$56.00	+26.24%
12/20/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$47.00 ➝ C$50.00	+10.55%
12/19/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$42.00 ➝ C$47.00	+5.05%
12/5/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$43.00 ➝ C$46.50	+11.67%
12/5/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform	C$42.00 ➝ C$45.00	+8.07%
Get the Latest News and Ratings for RUS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Russel Metals and its competitors with MarketBeat's FREE daily newsletter.
12/4/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Sytchev Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform Market Weight ➝ Outperform Market Weight
8/15/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$39.00 ➝ C$43.00	+10.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:00 AM ET.

RUS Price Target - Frequently Asked Questions

What is Russel Metals's consensus rating and price target?: According to the issued ratings of 7 analysts in the last year, the consensus rating for Russel Metals stock is Moderate Buy based on the current 3 hold ratings and 4 buy ratings for RUS. The average twelve-month price prediction for Russel Metals is C$47.64 with a high price target of C$56.00 and a low price target of C$43.00. Learn more on RUS's analyst rating history.
Do Wall Street analysts like Russel Metals more than its competitors?: Analysts like Russel Metals more than other Industrials companies. The consensus rating score for Russel Metals is 2.57 while the average consensus rating score for industrials companies is 2.53. Learn more on how RUS compares to other companies.
Is Russel Metals being upgraded by Wall Street analysts?: Over the previous 90 days, Russel Metals's stock had 2 upgrades by analysts.

Does Russel Metals's stock price have much upside?: According to analysts, Russel Metals's stock has a predicted upside of 12.60% based on their 12-month stock forecasts.
What analysts cover Russel Metals?: Russel Metals has been rated by BMO Capital Markets, National Bank Financial, National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, and Stifel Nicolaus in the past 90 days.

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This page (TSE:RUS) was last updated on 2/12/2024 by MarketBeat.com Staff

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Russel Metals (RUS) Stock Forecast & Price Target

Russel Metals Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

RUS Analyst Ratings By Month

RUS Price Targets by Month

Russel Metals Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

RUS Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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