Richelieu Hardware (TSE:RCH) Price Target Raised to C$38.00

Richelieu Hardware (TSE:RCH) had its price objective hoisted by equities researchers at CIBC from C$32.00 to C$38.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 15.57% from the stock’s previous close.

Richelieu Hardware Stock Up 0.7 %

RCH opened at C$32.88 on Monday. Richelieu Hardware has a one year low of C$31.95 and a one year high of C$43.20. The company has a market cap of C$1.83 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 0.77 and a beta of 0.94. The business’s fifty day moving average is C$35.28 and its two-hundred day moving average is C$37.87. The company has a debt-to-equity ratio of 26.37, a quick ratio of 0.72 and a current ratio of 3.46.

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.