Scotiabank Reaffirms Sector Perform Rating for Richelieu Hardware Ltd. (RCH)
Richelieu Hardware Ltd. (TSE:RCH)‘s stock had its “sector perform” rating restated by stock analysts at Scotiabank in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. They currently have a C$28.50 target price on the stock. Scotiabank’s price objective would indicate a potential upside of 13.77% from the stock’s previous close.
Separately, National Bank Financial raised their price target on shares of Richelieu Hardware from C$25.00 to C$30.00 in a research report on Friday, July 8th.
Shares of Richelieu Hardware (TSE:RCH) traded down 0.20% on Friday, reaching $25.00. 24,742 shares of the company’s stock traded hands. The firm has a market capitalization of $1.45 billion and a price-to-earnings ratio of 24.73. The company has a 50 day moving average price of $26.05 and a 200 day moving average price of $24.75. Richelieu Hardware has a 52 week low of $20.04 and a 52 week high of $28.88.
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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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