Analysts Set Russel Metals Inc. (TSE:RUS) Target Price at C$51.21

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

RUS has been the topic of a number of recent analyst reports. TD Securities boosted their price objective on Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Raymond James lifted their target price on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their price target on Russel Metals from C$55.50 to C$60.00 in a research report on Friday, February 14th. Finally, Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$45.00 to C$51.00 in a report on Tuesday, November 26th.

Insider Activity

In related news, Director Brian Robie Hedges sold 5,000 shares of the business’s 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. Insiders own 0.85% of the company’s stock.

Russel Metals Trading Down 1.5 %

Russel Metals stock opened at C$40.42 on Friday. Russel Metals has a 52-week low of C$35.20 and a 52-week high of C$46.87. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. The firm has a market capitalization of C$2.32 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 0.59 and a beta of 1.52. The firm has a 50-day moving average price of C$41.49 and a two-hundred day moving average price of C$40.97.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Friday, February 28th. Russel Metals’s dividend payout ratio is presently 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.