Russel Metals (TSE:RUS) Price Target Cut to C$53.00 by Analysts at Stifel Nicolaus

Russel Metals (TSE:RUS) had its price objective lowered by Stifel Nicolaus from C$54.00 to C$53.00 in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

RUS has been the subject of several other research reports. National Bankshares decreased their price objective on Russel Metals from C$58.00 to C$55.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. TD Securities upped their price objective on shares of Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th.

Russel Metals Price Performance

Shares of TSE RUS opened at C$39.45 on Thursday. The firm has a market capitalization of C$2.26 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.59 and a beta of 1.52. The firm’s 50-day moving average price is C$39.06 and its 200-day moving average price is C$41.03. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. Russel Metals has a 1-year low of C$34.62 and a 1-year high of C$46.87.

Russel Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.72 annualized dividend and a yield of 4.36%. This is an increase from Russel Metals’s previous quarterly dividend of $0.42. Russel Metals’s dividend payout ratio is 54.12%.

Insiders Place Their Bets

In related news, Director Brian Robie Hedges sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total transaction of C$211,600.00. Insiders own 0.85% of the company’s stock.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.