Brokerages Set Russel Metals Inc. (TSE:RUS) PT at C$51.21

Shares of Russel Metals Inc. (TSE:RUS) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$51.21.

A number of research firms recently issued reports on RUS. TD Securities lifted their price objective on Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Stifel Nicolaus raised their price objective on shares of Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th.

Russel Metals Trading Up 0.2 %

Shares of TSE RUS opened at C$39.31 on Wednesday. Russel Metals has a one year low of C$35.20 and a one year high of C$46.87. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. The firm has a market capitalization of C$2.25 billion, a PE ratio of 12.66, a PEG ratio of 0.59 and a beta of 1.52. The business has a 50-day moving average price of C$40.90 and a two-hundred day moving average price of C$41.26.

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a $0.42 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.68 annualized dividend and a dividend yield of 4.27%. Russel Metals’s dividend payout ratio is presently 54.12%.

Insider Transactions at Russel Metals

In other Russel Metals news, Director Brian Robie Hedges sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total transaction of C$211,600.00. Company insiders own 0.85% of the company’s stock.

Russel Metals Company Profile

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.