Richelieu Hardware Ltd. (RCH) Hits New 12-Month High at $32.75
Shares of Richelieu Hardware Ltd. (TSE:RCH) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$32.75 and last traded at C$32.49, with a volume of 43,907 shares changing hands. The stock had previously closed at C$32.00.
Several analysts have issued reports on the company. National Bank Financial increased their target price on Richelieu Hardware from C$33.50 to C$36.00 and gave the company an “outperform” rating in a research report on Friday. Scotiabank lifted their price target on Richelieu Hardware from C$29.50 to C$30.00 and gave the stock a “sector perform” rating in a research report on Friday, July 7th.
The firm’s 50-day moving average is $31.28 and its 200 day moving average is $30.43. The firm has a market capitalization of $1.94 billion and a PE ratio of 29.60.
Richelieu Hardware (TSE:RCH) last announced its quarterly earnings data on Thursday, July 6th. The company reported C$0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.30. Richelieu Hardware had a net margin of 7.25% and a return on equity of 17.27%. The firm had revenue of C$243.27 million during the quarter, compared to the consensus estimate of C$232.60 million. Equities research analysts forecast that Richelieu Hardware Ltd. will post $1.23 earnings per share for the current year.
In related news, insider Guy Grenier sold 12,700 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of C$32.17, for a total transaction of C$408,559.00. Also, Director Richard Lord sold 149,900 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of C$31.50, for a total transaction of C$4,721,850.00. Over the last three months, insiders have sold 167,823 shares of company stock valued at $5,296,172.
COPYRIGHT VIOLATION WARNING: This piece was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/richelieu-hardware-ltd-rch-hits-new-12-month-high-at-32-75/1614111.html.
Richelieu Hardware Company Profile
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.
Receive News & Ratings for Richelieu Hardware Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Richelieu Hardware Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.