Richelieu Hardware (TSE:RCH) Price Target Raised to C$38.50

Richelieu Hardware (TSE:RCH) had its price objective upped by National Bank Financial from C$38.00 to C$38.50 in a research note released on Wednesday,BayStreet reports. The firm currently has a sector perform rating on the stock.

Separately, Canadian Imperial Bank of Commerce cut their price objective on Richelieu Hardware from C$42.00 to C$39.00 in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Richelieu Hardware presently has a consensus rating of “Hold” and a consensus target price of C$38.75.

Richelieu Hardware Trading Up 0.1%

Richelieu Hardware stock opened at C$35.83 on Wednesday. The stock has a market cap of C$1.96 billion, a P/E ratio of 22.82, a PEG ratio of 0.77 and a beta of 0.95. The company has a debt-to-equity ratio of 31.32, a current ratio of 3.04 and a quick ratio of 0.71. Richelieu Hardware has a 1 year low of C$32.54 and a 1 year high of C$45.03. The firm’s 50 day moving average price is C$35.63 and its 200-day moving average price is C$38.47.

Richelieu Hardware (TSE:RCH) last issued its earnings results on Thursday, July 9th. The company reported C$0.42 earnings per share for the quarter. The firm 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, August 7th were given a dividend of $0.1566 per share. The ex-dividend date was Thursday, July 23rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.7%. Richelieu Hardware’s payout ratio is 39.48%.

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.