Russel Metals Inc. (RUS) Price Target Raised to C$34.00 at TD Securities
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.
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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.
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