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

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

Russel Metals Trading Up 1.2%

Russel Metals stock opened at C$40.92 on Monday. The stock has a market cap of C$2.34 billion, a P/E ratio of 13.18, a PEG ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. Russel Metals has a 1 year low of C$34.62 and a 1 year high of C$46.87. The firm’s 50 day moving average price is C$43.50 and its 200-day moving average price is C$41.41.

Russel Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.2%. Russel Metals’s dividend payout ratio (DPR) is 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.