Russel Metals (TSE:RUS) PT Lowered to C$24.00

Russel Metals (TSE:RUS) had its price target reduced by TD Securities from C$27.00 to C$24.00 in a research note issued to investors on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the stock. BMO Capital Markets decreased their target price on shares of Russel Metals from C$26.00 to C$24.00 in a research note on Thursday, July 4th. Royal Bank of Canada decreased their target price on shares of Russel Metals from C$25.00 to C$22.00 and set a sector perform rating on the stock in a research note on Monday. Finally, Raymond James set a C$27.00 target price on shares of Russel Metals and gave the stock an outperform rating in a research note on Monday.

Shares of TSE RUS opened at C$18.89 on Monday. The company has a quick ratio of 1.10, a current ratio of 2.75 and a debt-to-equity ratio of 71.81. Russel Metals has a 52 week low of C$18.47 and a 52 week high of C$29.79. The firm’s fifty day moving average is C$20.67 and its 200 day moving average is C$22.62. The company has a market cap of $1.17 billion and a price-to-earnings ratio of 5.48.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date of this dividend is Monday, August 26th. Russel Metals’s dividend payout ratio (DPR) is currently 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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