Richelieu Hardware (TSE:RCH) Price Target Raised to C$40.00

Richelieu Hardware (TSE:RCH) had its price target lifted by CIBC from C$37.00 to C$40.00 in a research note published on Monday,BayStreet.CA reports.

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

Richelieu Hardware Trading Up 0.0%

TSE RCH opened at C$42.37 on Monday. The company’s fifty day simple moving average is C$39.58 and its 200-day simple moving average is C$37.21. Richelieu Hardware has a 52 week low of C$31.81 and a 52 week high of C$43.79. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.37. The stock has a market cap of C$2.33 billion, a P/E ratio of 27.34, a PEG ratio of 0.77 and a beta of 0.79.

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

Richelieu Hardware Company Profile

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.