TD Securities Lowers Russel Metals (RUS) Price Target to C$34.00
A number of other brokerages have also recently weighed in on RUS. Raymond James lifted their price target on shares of Russel Metals from C$35.00 to C$36.00 and gave the company a strong-buy rating in a research report on Monday, August 13th. Royal Bank of Canada lifted their price target on shares of Russel Metals from C$30.00 to C$32.00 and gave the company a sector perform rating in a research report on Monday, August 13th.
Russel Metals stock traded down C$0.72 during midday trading on Friday, hitting C$25.16. 278,100 shares of the stock were exchanged, compared to its average volume of 190,888. Russel Metals has a fifty-two week low of C$23.44 and a fifty-two week high of C$32.65. The company has a debt-to-equity ratio of 62.66, a quick ratio of 1.02 and a current ratio of 2.56.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, December 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date of this dividend is Friday, November 23rd. Russel Metals’s dividend payout ratio is presently 56.67%.
In related news, insider William Michael O’reilly purchased 1,000 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was acquired at an average cost of C$28.76 per share, for a total transaction of C$28,760.00.
Russel Metals Company Profile
Russel Metals Inc processes and distributes steel and other metal products in North America. The company operates in three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metals Service Centers segment purchases metal products from steel producers; and packages, processes, and sells carbon hot rolled and cold finished steel, pipe and tubular, and stainless steel and aluminum products, as well as other non-ferrous specialty metals in a range of sizes, shapes, and specifications.
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