Russel Metals (TSE:RUS) PT Raised to C$41.00

Russel Metals (TSE:RUSGet Rating) had its target price raised by Stifel Nicolaus from C$40.00 to C$41.00 in a report issued on Monday morning, BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on the company. Royal Bank of Canada cut Russel Metals from an outperform rating to a sector perform rating and decreased their price objective for the company from C$35.00 to C$34.00 in a report on Friday, November 11th. TD Securities lowered shares of Russel Metals from a buy rating to a hold rating and lowered their price objective for the stock from C$36.00 to C$35.00 in a report on Friday, November 11th. BMO Capital Markets reduced their target price on shares of Russel Metals from C$36.00 to C$32.00 in a report on Friday, August 12th. Finally, Scotiabank boosted their price target on shares of Russel Metals from C$37.50 to C$38.00 in a research note on Friday, November 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$37.71.

Russel Metals Stock Down 0.1 %

Shares of TSE:RUS opened at C$29.70 on Monday. The firm has a market capitalization of C$1.85 billion and a PE ratio of 4.52. The company has a debt-to-equity ratio of 27.05, a quick ratio of 1.44 and a current ratio of 3.21. Russel Metals has a 52-week low of C$23.80 and a 52-week high of C$36.15. The firm has a fifty day moving average of C$27.33 and a 200 day moving average of C$28.01.

Russel Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Friday, November 25th. Russel Metals’s dividend payout ratio (DPR) is presently 23.14%.

Russel Metals Company Profile

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Russel Metals Inc operates as a metal distribution company in North America. The company operates through three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural shapes, bars, sheets, pipes, tubing, and hollow structural steel tubing.

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