Russel Metals Inc. (TSE:RUS) had its target price upped by TD Securities from C$32.00 to C$34.00 in a research report report published on Friday. They currently have a buy rating on the stock.

Separately, Scotiabank reissued an outperform rating and set a C$32.00 target price on shares of Russel Metals in a research note on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$31.00.

Russel Metals (TSE RUS) traded down C$0.25 during trading on Friday, reaching C$28.69. 144,802 shares of the company’s stock were exchanged, compared to its average volume of 210,688. Russel Metals has a 52-week low of C$23.67 and a 52-week high of C$29.78.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/russel-metals-inc-rus-price-target-raised-to-c34-00-at-td-securities/1696649.html.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Friday, November 24th. Russel Metals’s dividend payout ratio is currently 93.83%.

About Russel Metals

Russel Metals Inc is a metals distribution and processing company. The Company primarily distributes steel products. The Company operates through three segments: metals service centers, energy products and steel distributors. The Company provides processing and distribution services to a base of approximately 43,000 end users through a network of 50 locations in Canada and 14 locations in the United States.

Analyst Recommendations for Russel Metals (TSE:RUS)

Receive News & Ratings for Russel Metals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Russel Metals Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.