Russel Metals Inc. (TSE:RUS) Director Elyse Allan Purchases 500 Shares

Russel Metals Inc. (TSE:RUS) Director Elyse Allan bought 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average cost of C$40.01 per share, for a total transaction of C$20,005.00.

Russel Metals Stock Up 0.2 %

RUS stock opened at C$39.31 on Friday. The firm has a market capitalization of C$2.25 billion, a PE ratio of 12.66, a P/E/G ratio of 0.59 and a beta of 1.52. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. Russel Metals Inc. has a twelve month low of C$35.20 and a twelve month high of C$46.87. The stock’s 50 day moving average is C$40.90 and its 200-day moving average is C$41.22.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Friday, February 28th. Russel Metals’s dividend payout ratio is 54.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RUS shares. TD Securities increased their price objective on shares of Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Stifel Nicolaus raised their price objective on Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$51.21.

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.