Russel Metals (RUS) Price Target Increased to C$33.00 by Analysts at Raymond James Financial

Russel Metals (TSE:RUS) had its price objective raised by Raymond James Financial from C$32.00 to C$33.00 in a report published on Friday morning. Raymond James Financial currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on RUS. TD Securities raised their price target on Russel Metals from C$34.00 to C$36.00 and gave the company a buy rating in a report on Monday, January 22nd. Scotiabank reiterated an outperform rating and set a C$32.00 price objective on shares of Russel Metals in a research report on Thursday, November 9th.

Shares of Russel Metals (RUS) opened at C$31.67 on Friday. Russel Metals has a twelve month low of C$23.67 and a twelve month high of C$31.82. The stock has a market capitalization of $1,960.00, a price-to-earnings ratio of 15.84 and a beta of 0.72.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, February 28th. Russel Metals’s payout ratio is 76.00%.

In other Russel Metals news, insider Marion Eleanor Britton sold 5,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of C$28.70, for a total transaction of C$143,500.00. Also, insider Brian Robie Hedges sold 2,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of C$29.45, for a total value of C$58,900.00. Insiders have sold a total of 12,400 shares of company stock worth $361,280 in the last quarter.

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Russel Metals Company Profile

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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