Russel Metals Inc (TSE:RUS) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm currently has a C$30.00 price objective on the stock. TD Securities’ price target would indicate a potential upside of 20.58% from the company’s previous close.

A number of other brokerages have also weighed in on RUS. Royal Bank Of Canada lifted their price target on shares of Russel Metals from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, May 4th. Scotiabank lifted their price target on shares of Russel Metals from C$26.00 to C$31.00 and gave the company an “outperform” rating in a report on Tuesday, February 21st. Finally, Raymond James Financial, Inc. lifted their price target on shares of Russel Metals from C$30.00 to C$31.00 and gave the company an “outperform” rating in a report on Thursday, May 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Russel Metals presently has a consensus rating of “Buy” and a consensus target price of C$30.00.

Analyst Recommendations for Russel Metals (TSE:RUS)

Russel Metals (RUS) traded up 3.71% during mid-day trading on Monday, hitting $24.89. The stock had a trading volume of 227,400 shares. The company has a market cap of $1.54 billion and a price-to-earnings ratio of 18.31. Russel Metals has a one year low of $19.81 and a one year high of $29.78. The company has a 50 day moving average price of $25.68 and a 200-day moving average price of $26.35.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend is Wednesday, May 24th.

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In other Russel Metals news, Director James Francis Dinning bought 1,500 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average price of C$25.89 per share, with a total value of C$38,835.00.

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.

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