Richelieu Hardware Ltd. (RCH) Price Target Raised to C$36.00 at National Bank Financial
Richelieu Hardware Ltd. (TSE:RCH) had its target price hoisted by research analysts at National Bank Financial from C$33.50 to C$36.00 in a note issued to investors on Friday, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 9.82% from the stock’s previous close.
Separately, Scotiabank lifted their price objective on Richelieu Hardware from C$29.50 to C$30.00 and gave the stock a “sector perform” rating in a report on Friday, July 7th.
Richelieu Hardware (RCH) traded up 2.50% during mid-day trading on Friday, hitting $33.60. 23,986 shares of the company were exchanged. The stock has a market cap of $1.94 billion and a price-to-earnings ratio of 29.71. Richelieu Hardware has a 12 month low of $24.65 and a 12 month high of $33.60. The firm has a 50 day moving average price of $31.23 and a 200 day moving average price of $30.39.
Richelieu Hardware (TSE:RCH) last released its quarterly earnings results on Thursday, July 6th. The company reported C$0.30 EPS for the quarter, hitting the consensus estimate of C$0.30. The firm had revenue of C$243.27 million for the quarter, compared to analyst estimates of C$232.60 million. Richelieu Hardware had a return on equity of 17.27% and a net margin of 7.25%. Analysts anticipate that Richelieu Hardware will post $1.23 EPS for the current fiscal year.
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In other Richelieu Hardware news, insider Christian Dion sold 1,000 shares of Richelieu Hardware stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of C$31.56, for a total transaction of C$31,560.00. Also, Director Richard Lord sold 149,900 shares of Richelieu Hardware stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of C$31.50, for a total value of C$4,721,850.00. Insiders have sold a total of 167,823 shares of company stock worth $5,296,172 over the last 90 days.
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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