Russel Metals Inc (TSE:RUS) had its target price cut by Royal Bank Of Canada from C$21.00 to C$19.00 in a research report report published on Wednesday morning, StockTargetPrices.com reports. They currently have an underperform rating on the stock.
Separately, TD Securities boosted their target price on shares of Russel Metals from C$21.00 to C$23.00 and gave the company a hold rating in a research note on Friday, August 12th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of Hold and an average price target of C$19.10.
Shares of Russel Metals (TSE:RUS) opened at 20.38 on Wednesday. Russel Metals has a 1-year low of $13.95 and a 1-year high of $24.92. The company’s market cap is $1.26 billion. The firm’s 50 day moving average is $21.35 and its 200-day moving average is $22.26.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date was Thursday, August 25th.
About Russel Metals
Russel Metals Inc is a metals distribution company. The Company’s segments include metals service centers, energy products and steel distributors. The metals service centers segment provides processing and distribution services to a base of end users. Its Energy Products segment distributes oil country tubular goods (OCTG), line pipe, valves and fittings to the energy industry.
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