Richelieu Hardware (TSE:RCH – Get Free Report) had its price objective lowered by investment analysts at CIBC from C$46.00 to C$45.00 in a report issued on Friday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price suggests a potential upside of 11.47% from the company’s current price.
Other equities research analysts have also issued reports about the stock. National Bankshares lowered shares of Richelieu Hardware from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$47.60 to C$45.50 in a report on Friday, January 19th. National Bank Financial lowered shares of Richelieu Hardware from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Thursday, January 18th.
View Our Latest Stock Analysis on RCH
Richelieu Hardware Stock Down 0.2 %
Richelieu Hardware (TSE:RCH – Get Free Report) last posted its quarterly earnings results on Thursday, January 18th. The company reported C$0.51 EPS for the quarter, missing the consensus estimate of C$0.54 by C($0.03). Richelieu Hardware had a net margin of 6.24% and a return on equity of 13.18%. The business had revenue of C$453.70 million during the quarter, compared to analysts’ expectations of C$443.00 million. As a group, equities research analysts forecast that Richelieu Hardware will post 1.8799626 earnings per share for the current year.
Insider Transactions at Richelieu Hardware
In other news, Senior Officer Yannick Godeau sold 1,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$43.90, for a total transaction of C$43,899.40. In related news, Senior Officer Yannick Godeau sold 1,000 shares of Richelieu Hardware stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$43.90, for a total value of C$43,899.40. Also, Senior Officer Guy Grenier sold 3,000 shares of Richelieu Hardware stock in a transaction on Monday, February 12th. The shares were sold at an average price of C$43.73, for a total transaction of C$131,198.70. Corporate insiders own 7.56% of the company’s stock.
About Richelieu Hardware
Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. The company's principal 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; high-pressure laminates; railing and balusters; floor protection products; and power tool accessories.
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