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

Richelieu Hardware (TSE:RCH – Get Free Report) had its target price reduced by National Bank Financial from C$41.00 to C$38.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 7.92% from the stock’s previous close.

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

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Richelieu Hardware Stock Performance

RCH traded up C$0.09 during trading hours on Monday, reaching C$35.21. The company’s stock had a trading volume of 96,926 shares, compared to its average volume of 111,581. The company’s 50-day moving average is C$39.21 and its 200-day moving average is C$40.68. Richelieu Hardware has a 52 week low of C$32.54 and a 52 week high of C$45.03. The firm has a market cap of C$1.93 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.77 and a beta of 0.93. 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 (TSE:RCH – Get Free Report) last released its quarterly earnings data on Thursday, July 9th. The company reported C$0.42 EPS for the quarter. Richelieu Hardware had a net margin of 4.34% and a return on equity of 9.04%. The firm had revenue of C$532.05 million during the quarter.

Richelieu Hardware Company Profile

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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.

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