TheScreener - Russel Metals Inc. (RUS.) RUSSEL METALS suffers a double requalification, which weighs heavily on its rating, now at Slightly Negative.

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RUSSEL METALS suffers a double requalification, which weighs heavily on its rating, now at Slightly Negative.

The independent financial analyst theScreener just downgraded the general evaluation of RUSSEL METALS (CA), active in the Steel industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date April 5, 2022, the closing price was CAD 31.35 and its target price was estimated at CAD 27.66.

06/04/2022 1 EN

Underlying

Russel Metals Inc.

Russel Metals is a metals distribution company operating in various locations within North America. Co. primarily distributes steel and other metal products in three principal business segments: metals service centers, energy products, and steel distribution. Co.'s network of metals service centers carry a line of metal products in a range of sizes, shapes and specifications. Co.'s energy products operations carry a product line focused on the needs of its energy industry customers. Co.'s steel distributors act as master distributors, selling steel to other metals service centers and equipment manufacturers.

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CA7819036046 Toronto Stock Exchange Canada

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RUSSEL METALS suffers a double requalification, which weighs heavily on its rating, now at Slightly Negative.

Empowering Investors

Russel Metals Inc: 1 director

Monthly LMI Update Independent Investment Research

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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