Shares of Russel Metals Inc. (TSE:RUS – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$51.21.
RUS has been the topic of several analyst reports. Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th. Stifel Nicolaus raised their target price on Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. TD Securities raised their target price on Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Raymond James raised their target price on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th.
Read Our Latest Stock Report on Russel Metals
Russel Metals Stock Down 0.4 %
Russel Metals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.09%. The ex-dividend date is Friday, February 28th. Russel Metals’s payout ratio is currently 54.12%.
Insider Buying and Selling at Russel Metals
In other news, Director Brian Robie Hedges sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total value of C$211,600.00. 0.85% of the stock is owned by corporate insiders.
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.
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