Scotiabank Reiterates Sector Perform Rating for Richelieu Hardware Ltd. (RCH)
Richelieu Hardware Ltd. (TSE:RCH)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Scotiabank in a report released on Friday. They currently have a C$28.50 target price on the stock. Scotiabank’s price objective points to a potential upside of 14.32% from the company’s current price.
Separately, National Bank Financial boosted their price objective on Richelieu Hardware from C$25.00 to C$30.00 in a research note on Friday, July 8th.
Shares of Richelieu Hardware (TSE:RCH) opened at 24.93 on Friday. The stock has a market capitalization of $1.44 billion and a P/E ratio of 23.95. The company has a 50-day moving average of $26.02 and a 200-day moving average of $24.81. Richelieu Hardware has a 52 week low of $20.04 and a 52 week high of $28.88.
About Richelieu Hardware
Richelieu Hardware Ltd. is a distributor, importer and manufacturer of specialty hardware and complementary products. The Company’s product categories include furniture, glass and building decorative and functional hardware, lighting systems, finishing and decorating products, ergonomic workstation components, kitchen and closet storage solutions, sliding door systems, decorative and functional panels, window and door hardware, glass hardware and floor protection products.
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