Russel Metals (TSE:RUS) Given New C$60.00 Price Target at Stifel Nicolaus

Russel Metals (TSE:RUS) had its target price raised by Stifel Nicolaus from C$55.50 to C$60.00 in a research note published on Friday morning,BayStreet.CA reports.

RUS has been the topic of several other research reports. Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th. TD Securities upped their price target on Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Raymond James raised their price target on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$50.93.

Russel Metals Trading Up 3.7 %

Shares of TSE RUS opened at C$42.85 on Friday. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$47.39. The company has a 50-day moving average of C$42.06 and a two-hundred day moving average of C$40.80. The company has a market cap of C$2.46 billion, a PE ratio of 13.80, a P/E/G ratio of 0.59 and a beta of 1.52. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a $0.42 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.68 dividend on an annualized basis and a yield of 3.92%. Russel Metals’s dividend payout ratio is presently 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.