Richelieu Hardware’s (RCH) “Sector Perform” Rating Reiterated at Scotiabank
Richelieu Hardware Ltd. (TSE:RCH)‘s stock had its “sector perform” rating reissued by equities research analysts at Scotiabank in a research note issued to investors on Friday, StockTargetPrices.com reports. They currently have a C$28.50 price target on the stock. Scotiabank’s price objective would indicate a potential upside of 13.77% from the company’s previous close.
Separately, National Bank Financial boosted their price objective on Richelieu Hardware from C$25.00 to C$30.00 in a research note on Friday, July 8th.
Richelieu Hardware (TSE:RCH) traded down 0.20% on Friday, hitting $25.00. The stock had a trading volume of 24,742 shares. Richelieu Hardware has a 1-year low of $20.04 and a 1-year high of $28.88. The firm has a market capitalization of $1.45 billion and a price-to-earnings ratio of 24.73. The stock’s 50-day moving average is $26.05 and its 200 day moving average is $24.75.
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Richelieu Hardware Company Profile
Richelieu Hardware Ltd. is a distributor, importer and manufacturer of specialty hardware and complementary products. The Company’s product categories include furniture, glass and building decorative and functional hardware, lighting systems, finishing and decorating products, ergonomic workstation components, kitchen and closet storage solutions, sliding door systems, decorative and functional panels, window and door hardware, glass hardware and floor protection products.
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