Russel Metals (TSE:RUS) Given New C$52.00 Price Target at TD Securities

Russel Metals (TSE:RUS) had its price objective lifted by TD Securities from C$50.00 to C$52.00 in a report released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Raymond James upped their target price on Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Stifel Nicolaus raised their price target on shares of Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. Finally, Royal Bank of Canada upgraded shares of Russel Metals from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$45.00 to C$51.00 in a report on Tuesday, November 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Russel Metals has a consensus rating of “Moderate Buy” and a consensus target price of C$51.21.

Russel Metals Stock Down 0.1 %

TSE:RUS opened at C$42.28 on Tuesday. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. Russel Metals has a one year low of C$35.20 and a one year high of C$46.87. The firm’s 50 day simple moving average is C$41.82 and its 200 day simple moving average is C$40.89. The company has a market cap of C$2.42 billion, a PE ratio of 13.62, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.68 annualized dividend and a yield of 3.97%. Russel Metals’s payout ratio is 54.12%.

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.