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

Richelieu Hardware (TSE:RCH) had its price target reduced by Canadian Imperial Bank of Commerce from C$42.00 to C$39.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective would suggest a potential upside of 10.76% from the stock’s previous close.

Richelieu Hardware Trading Up 0.3%

TSE:RCH traded up C$0.09 on Monday, hitting C$35.21. 96,926 shares of the stock were exchanged, compared to its average volume of 111,581. The company has a debt-to-equity ratio of 31.32, a quick ratio of 0.71 and a current ratio of 3.04. Richelieu Hardware has a 52 week low of C$32.54 and a 52 week high of C$45.03. The stock 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’s 50-day moving average price is C$39.21 and its 200 day moving average price is C$40.68.

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

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.