Russel Metals Inc. (TSE:RUS) Receives C$51.21 Consensus Target Price from Analysts

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

RUS has been the topic of a number of research analyst reports. TD Securities lifted 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. Stifel Nicolaus lifted their price objective on Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th.

Insider Buying and Selling

In other Russel Metals news, Director Brian Robie Hedges sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total value of C$211,600.00. 0.85% of the stock is currently owned by corporate insiders.

Russel Metals Stock Up 0.2 %

Shares of RUS opened at C$39.31 on Wednesday. Russel Metals has a fifty-two week low of C$35.20 and a fifty-two week high of C$46.87. The company’s fifty day moving average is C$40.90 and its two-hundred day moving average is C$41.19. The firm has a market cap of C$2.25 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28.

Russel Metals Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 4.27%. Russel Metals’s dividend payout ratio (DPR) is currently 54.12%.

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.