Russel Metals (TSE:RUS) Price Target Raised to C$52.00 at TD Securities

Russel Metals (TSE:RUS) had its target price lifted by TD Securities from C$50.00 to C$52.00 in a research report report published on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

RUS has been the topic of several other research reports. Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Stifel Nicolaus boosted their price objective on shares of Russel Metals from C$55.50 to C$60.00 in a research report on Friday, February 14th. Finally, Raymond James boosted their price objective on shares of Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Russel Metals has an average rating of “Moderate Buy” and a consensus target price of C$51.21.

Russel Metals Price Performance

Shares of TSE:RUS opened at C$42.23 on Tuesday. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. The firm has a fifty day moving average price of C$41.94 and a 200 day moving average price of C$40.85. Russel Metals has a fifty-two week low of C$35.20 and a fifty-two week high of C$46.87. The firm has a market cap of C$2.42 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, February 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.98%. Russel Metals’s payout ratio is currently 54.12%.

Russel Metals Company Profile

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.