Richelieu Hardware (TSE:RCH) Stock Price Expected to Rise, CIBC Analyst Says

Richelieu Hardware (TSE:RCH) had its price objective upped by stock analysts at CIBC from C$37.00 to C$40.00 in a report issued on Monday,BayStreet.CA reports. CIBC’s price objective would indicate a potential downside of 5.57% from the stock’s current price.

Separately, National Bankshares increased their price objective on shares of Richelieu Hardware from C$35.00 to C$40.50 and gave the stock a “sector perform” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Richelieu Hardware presently has a consensus rating of “Hold” and a consensus target price of C$40.25.

Richelieu Hardware Trading Down 1.1%

Shares of Richelieu Hardware stock opened at C$42.36 on Monday. Richelieu Hardware has a fifty-two week low of C$31.81 and a fifty-two week high of C$43.79. The business’s fifty day moving average is C$39.49 and its two-hundred day moving average is C$37.17. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.37. The firm has a market cap of C$2.33 billion, a PE ratio of 27.33, a P/E/G ratio of 0.77 and a beta of 0.79.

Richelieu Hardware (TSE:RCH) last released its earnings results on Thursday, October 9th. The company reported C$0.43 EPS for the quarter. Richelieu Hardware had a return on equity of 9.84% and a net margin of 4.97%.The firm had revenue of C$499.20 million during the quarter.

Insider Activity

In related news, insider Guy Grenier sold 7,000 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of C$36.73, for a total transaction of C$257,110.00. Following the completion of the sale, the insider owned 50,289 shares of the company’s stock, valued at approximately C$1,847,114.97. This represents a 12.22% decrease in their position. Insiders own 7.62% of the company’s stock.

About Richelieu Hardware

Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company’s sales are derived from its operations in Canada. Richelieu’s products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.