Richelieu Hardware (TSE:RCH) Stock Price Expected to Rise, National Bank Financial Analyst Says

Richelieu Hardware (TSE:RCH) had its price target raised by National Bank Financial from C$38.00 to C$38.50 in a report issued on Wednesday, BayStreet reports. The firm 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 current price.

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

Richelieu Hardware Stock Up 2.0%

RCH traded up C$0.72 on Wednesday, hitting C$36.10. The company had a trading volume of 32,447 shares, compared to its average volume of 111,929. 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 52-week low of C$32.54 and a 52-week high of C$45.03. The stock has a fifty day simple moving average of C$35.67 and a 200-day simple moving average of C$38.60. The firm has a market capitalization of C$1.98 billion, a P/E ratio of 22.99, a P/E/G ratio of 0.77 and a beta of 0.95.

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