National Bank Financial Issues Positive Forecast for Richelieu Hardware (TSE:RCH) Stock Price

Richelieu Hardware (TSE:RCH) had its price objective upped by stock analysts at National Bank Financial from C$38.00 to C$38.50 in a report released on Wednesday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 6.65% from the company’s previous close.

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

Richelieu Hardware Stock Up 2.0%

Shares of TSE:RCH traded up C$0.72 on Wednesday, hitting C$36.10. 32,447 shares of the company traded hands, compared to its average volume of 111,929. The stock has a 50 day simple moving average of C$35.67 and a 200-day simple moving average of C$38.60. The company has a quick ratio of 0.71, a current ratio of 3.04 and a debt-to-equity ratio of 31.32. The company has a market cap of C$1.98 billion, a PE ratio of 22.99, a PEG ratio of 0.77 and a beta of 0.95. Richelieu Hardware has a 52 week low of C$32.54 and a 52 week high of C$45.03.

Richelieu Hardware (TSE:RCH) last announced its quarterly 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.

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.