Russel Metals Inc (RUS) Price Target Lowered to C$19.00 at Royal Bank Of Canada
Russel Metals Inc (TSE:RUS) had its price objective cut by Royal Bank Of Canada from C$21.00 to C$19.00 in a research note issued to investors on Wednesday. They currently have an underperform rating on the stock.
Separately, TD Securities raised their price objective on shares of Russel Metals from C$21.00 to C$23.00 and gave the stock a hold rating in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of Hold and a consensus target price of C$19.10.
Russel Metals (TSE:RUS) opened at 20.38 on Wednesday. The stock has a 50 day moving average price of $21.35 and a 200 day moving average price of $22.26. The firm’s market capitalization is $1.26 billion. Russel Metals has a one year low of $13.95 and a one year high of $24.92.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.47%.
Russel Metals Company Profile
Russel Metals Inc is a metals distribution company. The Company’s segments include metals service centers, energy products and steel distributors. The metals service centers segment provides processing and distribution services to a base of end users. Its Energy Products segment distributes oil country tubular goods (OCTG), line pipe, valves and fittings to the energy industry.
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