Russel Metals (TSE:RUS) PT Lowered to C$22.00

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Russel Metals (TSE:RUS) had its price target cut by Royal Bank of Canada from C$25.00 to C$22.00 in a research note published on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

RUS has been the topic of a number of other research reports. Raymond James set a C$27.00 price target on shares of Russel Metals and gave the company an outperform rating in a research note on Monday. BMO Capital Markets decreased their price target on shares of Russel Metals from C$26.00 to C$24.00 in a research note on Thursday, July 4th.

Russel Metals stock opened at C$18.89 on Monday. The firm has a market capitalization of $1.17 billion and a PE ratio of 5.48. The company’s 50-day moving average is C$20.67 and its 200-day moving average is C$22.62. Russel Metals has a fifty-two week low of C$18.47 and a fifty-two week high of C$29.79. The company has a debt-to-equity ratio of 71.81, a current ratio of 2.75 and a quick ratio of 1.10.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be paid a $0.38 dividend. The ex-dividend date is Monday, August 26th. This represents a $1.52 dividend on an annualized basis and a yield of 8.05%. Russel Metals’s dividend payout ratio (DPR) is currently 44.06%.

About Russel Metals

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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