National Bank Financial Cuts Richelieu Hardware (TSE:RCH) Price Target to C$38.00

Richelieu Hardware (TSE:RCH) had its target price lowered by equities research analysts at National Bank Financial from C$41.00 to C$38.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 7.92% from the stock’s current price.

Separately, Canadian Imperial Bank of Commerce lowered their target price on shares of Richelieu Hardware from C$42.00 to C$39.00 in a report on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$38.50.

Richelieu Hardware Stock Up 0.3%

RCH stock traded up C$0.09 during mid-day trading on Monday, reaching C$35.21. The company had a trading volume of 96,926 shares, compared to its average volume of 111,581. The company has a debt-to-equity ratio of 31.32, a current ratio of 3.04 and a quick ratio of 0.71. The stock has a 50 day simple moving average of C$39.21 and a two-hundred day simple moving average of C$40.68. The company has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 0.77 and a beta of 0.93. 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 released its quarterly earnings data on Thursday, July 9th. The company reported C$0.42 EPS for the quarter. The company had revenue of C$532.05 million during the quarter. Richelieu Hardware had a return on equity of 9.04% and a net margin of 4.34%.

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.