Russel Metals Inc (TSE:RUS) had its price objective lowered by Royal Bank Of Canada from C$21.00 to C$19.00 in a research note released on Wednesday, reports. The brokerage currently has an underperform rating on the stock.

Separately, TD Securities raised their target price on shares of Russel Metals from C$21.00 to C$23.00 and gave the stock 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 assigned a hold rating to the company. Russel Metals currently has a consensus rating of Hold and a consensus price target of C$19.10.

Shares of Russel Metals (TSE:RUS) opened at 20.42 on Wednesday. Russel Metals has a 1-year low of $13.95 and a 1-year high of $24.92. The stock’s 50 day moving average is $21.22 and its 200 day moving average is $22.33. The company’s market capitalization is $1.26 billion.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 15th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 7.44%. 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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