Russel Metals Inc. (TSE:RUS) had its price target hoisted by Raymond James Financial, Inc. from C$31.00 to C$32.00 in a research report report published on Wednesday morning. Raymond James Financial, Inc. currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. TD Securities lifted their target price on Russel Metals from C$30.00 to C$32.00 and gave the stock a buy rating in a report on Friday, August 4th. Scotiabank reissued an outperform rating and set a C$32.00 target price on shares of Russel Metals in a report on Thursday, November 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Russel Metals has a consensus rating of Buy and a consensus price target of C$31.20.

Shares of Russel Metals (TSE RUS) opened at C$28.86 on Wednesday. Russel Metals has a twelve month low of C$23.67 and a twelve month high of C$29.78.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 27th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date is Friday, November 24th. Russel Metals’s dividend payout ratio (DPR) is presently 79.58%.

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About Russel Metals

Russel Metals Inc is a metals distribution and processing company. The Company primarily distributes steel products. The Company operates through three segments: metals service centers, energy products and steel distributors. The Company provides processing and distribution services to a base of approximately 43,000 end users through a network of 50 locations in Canada and 14 locations in the United States.

Analyst Recommendations for Russel Metals (TSE:RUS)

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