Richelieu Hardware Ltd. (TSE:RCH) had its target price lifted by National Bank Financial from C$33.50 to C$36.00 in a research note published on Friday morning. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Richelieu Hardware’s FY2019 earnings at $1.43 EPS.
Separately, Scotiabank upped their target price on Richelieu Hardware from C$29.50 to C$30.00 and gave the stock a sector perform rating in a report on Friday, July 7th.
Shares of Richelieu Hardware (TSE:RCH) opened at 33.48 on Friday. The firm has a market capitalization of $1.94 billion and a price-to-earnings ratio of 29.60. Richelieu Hardware has a 12 month low of $24.65 and a 12 month high of $33.68. The company has a 50-day moving average price of $31.27 and a 200-day moving average price of $30.51.
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In related news, Director Richard Lord sold 149,900 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of C$31.50, for a total transaction of C$4,721,850.00. Also, insider Guy Grenier sold 12,700 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of C$32.17, for a total value of C$408,559.00. Insiders have sold 167,823 shares of company stock valued at $5,296,172 in the last ninety days.
Richelieu Hardware Company Profile
Richelieu Hardware Ltd. is a distributor, importer and manufacturer of specialty hardware and complementary products. The Company’s product categories include furniture, glass and building decorative and functional hardware, lighting systems, finishing and decorating products, ergonomic workstation components, kitchen and closet storage solutions, sliding door systems, decorative and functional panels, window and door hardware, glass hardware and floor protection products.
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