Richelieu Hardware (TSE:RCH) Stock Price Expected to Rise, CIBC Analyst Says

Richelieu Hardware (TSE:RCH) had its target price increased by research analysts at CIBC from C$32.00 to C$38.00 in a report issued on Monday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 15.57% from the company’s previous close.

Richelieu Hardware Stock Up 0.7 %

RCH opened at C$32.88 on Monday. The business has a 50 day simple moving average of C$35.28 and a 200-day simple moving average of C$37.87. Richelieu Hardware has a 12 month low of C$31.95 and a 12 month high of C$43.20. The stock has a market capitalization of C$1.83 billion, a P/E ratio of 20.46, a P/E/G ratio of 0.77 and a beta of 0.94. The company has a debt-to-equity ratio of 26.37, a current ratio of 3.46 and a quick ratio of 0.72.

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.