Russel Metals Inc. (TSE:RUS) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Russel Metals Inc. (TSE:RUS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$51.21.

Several research analysts have issued reports on the stock. TD Securities raised 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 research report on Tuesday, February 18th. Stifel Nicolaus increased their price target on shares of Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th.

Insider Transactions 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 shares were sold at an average price of C$42.32, for a total transaction of C$211,600.00. Corporate insiders own 0.85% of the company's stock.

Russel Metals Stock Up 0.2 %

Shares of TSE RUS traded up C$0.06 during mid-day trading on Wednesday, reaching C$39.31. The company had a trading volume of 233,185 shares, compared to its average volume of 192,885. 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 52-week low of C$35.20 and a 52-week high of C$46.87. The stock has a market cap of C$2.25 billion, a P/E ratio of 12.66, a PEG ratio of 0.59 and a beta of 1.52. The firm has a 50 day simple moving average of C$40.90 and a two-hundred day simple moving average of C$41.22.

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Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.27%. Russel Metals's payout ratio is 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.