Russel Metals Inc. (TSE:RUS) Director Elyse Allan Acquires 500 Shares

Russel Metals Inc. (TSE:RUS) Director Elyse Allan purchased 500 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was acquired at an average price of C$40.01 per share, with a total value of C$20,005.00.

Russel Metals Price Performance

Russel Metals stock opened at C$39.25 on Friday. The stock’s 50 day moving average price is C$40.93 and its two-hundred day moving average price is C$41.18. The stock has a market capitalization of C$2.25 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. Russel Metals Inc. has a 52-week low of C$35.20 and a 52-week high of C$46.87.

Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend was Friday, February 28th. Russel Metals’s dividend payout ratio (DPR) is currently 54.12%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Stifel Nicolaus lifted their target price on Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. TD Securities upped their target price on Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Russel Metals has a consensus rating of “Moderate Buy” and a consensus price target of C$51.21.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.