National Bankshares Cuts Russel Metals (TSE:RUS) Price Target to C$55.00

Russel Metals (TSE:RUS - Free Report) had its price target trimmed by National Bankshares from C$58.00 to C$55.00 in a research report report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also issued reports on RUS. TD Securities raised their target price on shares of Russel Metals from C$50.00 to C$52.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Stifel Nicolaus upped their price target on shares of Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$52.50.

Russel Metals Stock Up 0.2 %

Shares of Russel Metals stock traded up C$0.08 during midday trading on Wednesday, reaching C$38.04. 58,967 shares of the company's stock traded hands, compared to its average volume of 191,913. 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 company has a market cap of C$2.18 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. Russel Metals has a 52 week low of C$34.62 and a 52 week high of C$46.87. The company's 50 day simple moving average is C$39.89 and its 200 day simple moving average is C$41.21.

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a $0.42 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.42%. Russel Metals's dividend payout ratio is 54.12%.

Insiders Place Their Bets

In other Russel Metals news, Director Brian Robie Hedges sold 5,000 shares of the company'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.

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.