Richelieu Hardware (TSE:RCH) Given New C$39.00 Price Target at Canadian Imperial Bank of Commerce

Richelieu Hardware (TSE:RCH) had its price objective dropped by investment analysts at Canadian Imperial Bank of Commerce from C$42.00 to C$39.00 in a report issued on Monday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 10.76% from the company’s previous close.

Richelieu Hardware Trading Up 0.3%

Shares of TSE RCH traded up C$0.09 during midday trading on Monday, reaching C$35.21. 96,926 shares of the stock were exchanged, compared to its average volume of 111,581. Richelieu Hardware has a 12 month low of C$32.54 and a 12 month high of C$45.03. The company has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 0.77 and a beta of 0.93. The company has a debt-to-equity ratio of 31.32, a current ratio of 3.04 and a quick ratio of 0.71. The business has a 50-day simple moving average of C$39.21 and a two-hundred day simple moving average of C$40.68.

Richelieu Hardware (TSE:RCH) last released its quarterly earnings data on Thursday, July 9th. The company reported C$0.42 EPS for the quarter. The business had revenue of C$532.05 million during the quarter. Richelieu Hardware had a net margin of 4.34% and a return on equity of 9.04%.

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.