Raymond James Reiterates “C$31.00” Price Target for Russel Metals (RUS)

Raymond James set a C$31.00 price target on Russel Metals (TSE:RUS) in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada lowered their target price on Russel Metals from C$32.00 to C$28.00 in a research note on Monday, February 4th. BMO Capital Markets set a C$26.00 price objective on Russel Metals and gave the company a market perform rating in a research report on Monday, April 22nd.

RUS opened at C$22.39 on Wednesday. The company has a market capitalization of $1.39 billion and a PE ratio of 6.49. The company has a debt-to-equity ratio of 71.81, a current ratio of 2.75 and a quick ratio of 1.10. Russel Metals has a 52 week low of C$19.72 and a 52 week high of C$30.99.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date of this dividend is Monday, May 27th. Russel Metals’s dividend payout ratio (DPR) is presently 44.06%.

Russel Metals Company Profile

Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.

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