Russel Metals Inc. (TSE:RUS – Get Rating) declared a quarterly dividend on Friday, November 25th, TickerTech reports. Stockholders of record on Thursday, December 15th will be paid a dividend of 0.38 per share on Thursday, December 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Friday, November 25th.
Russel Metals Stock Performance
TSE RUS opened at C$29.72 on Thursday. Russel Metals has a 1-year low of C$23.80 and a 1-year high of C$36.15. The company has a market capitalization of C$1.86 billion and a P/E ratio of 4.52. The business has a 50 day moving average price of C$27.29 and a 200 day moving average price of C$28.00. The company has a debt-to-equity ratio of 27.05, a current ratio of 3.21 and a quick ratio of 1.44.
Analysts Set New Price Targets
A number of brokerages have commented on RUS. Royal Bank of Canada cut Russel Metals from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$35.00 to C$34.00 in a report on Friday, November 11th. Scotiabank increased their target price on Russel Metals from C$37.50 to C$38.00 in a report on Friday, November 11th. BMO Capital Markets lowered their target price on Russel Metals from C$36.00 to C$32.00 in a report on Friday, August 12th. TD Securities cut Russel Metals from a “buy” rating to a “hold” rating and lowered their target price for the company from C$36.00 to C$35.00 in a report on Friday, November 11th. Finally, Stifel Nicolaus increased their target price on Russel Metals from C$40.00 to C$41.00 in a report on Monday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Russel Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of C$37.71.
About Russel Metals
Russel Metals Inc operates as a metal distribution company in North America. The company operates through three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural shapes, bars, sheets, pipes, tubing, and hollow structural steel tubing.
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