Stifel Nicolaus Cuts Russel Metals (TSE:RUS) Price Target to C$49.00

Russel Metals (TSE:RUS) had its price target decreased by Stifel Nicolaus from C$54.50 to C$49.00 in a research report report published on Monday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Russel Metals Price Performance

TSE RUS opened at C$40.92 on Monday. Russel Metals has a 12 month low of C$34.62 and a 12 month high of C$46.87. The stock has a market cap of C$2.34 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 0.59 and a beta of 1.52. The company’s 50 day moving average is C$43.50 and its two-hundred day moving average is C$41.41. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28.

Russel Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, August 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.2%. Russel Metals’s dividend payout ratio (DPR) is presently 54.12%.

Russel Metals Company Profile

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.