Russel Metals Inc. (TSE:RUS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Russel Metals Inc. (TSE:RUS) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$51.21.

Several brokerages recently issued reports on RUS. Raymond James boosted their price target on Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Stifel Nicolaus upped their target price on Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th. Finally, TD Securities increased their price target on Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th.

Insider Buying and Selling at Russel Metals

In other Russel Metals news, Director Brian Robie Hedges sold 5,000 shares of Russel Metals stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total value of C$211,600.00. Insiders own 0.85% of the company’s stock.

Russel Metals Stock Performance

Shares of Russel Metals stock opened at C$40.22 on Friday. Russel Metals has a one year low of C$35.20 and a one year high of C$46.87. The company has a market cap of C$2.30 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.59 and a beta of 1.52. 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 business’s 50 day moving average price is C$41.44 and its 200 day moving average price is C$40.98.

Russel Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.68 dividend on an annualized basis and a yield of 4.18%. Russel Metals’s 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.