Richelieu Hardware (TSE:RCH) Sets New 52-Week High – Time to Buy?

Richelieu Hardware Ltd. (TSE:RCH) shares hit a new 52-week high on Wednesday . The company traded as high as C$43.22 and last traded at C$42.98, with a volume of 44581 shares trading hands. The stock had previously closed at C$43.49.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Canadian Imperial Bank of Commerce raised their target price on Richelieu Hardware from C$37.00 to C$40.00 in a research report on Monday, January 19th. National Bankshares lifted their price target on shares of Richelieu Hardware from C$35.00 to C$40.50 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Richelieu Hardware currently has an average rating of “Hold” and a consensus target price of C$40.25.

Richelieu Hardware Trading Down 1.0%

The stock has a market capitalization of C$2.37 billion, a PE ratio of 27.78, a PEG ratio of 0.77 and a beta of 0.72. The stock’s 50 day moving average price is C$40.72 and its 200-day moving average price is C$37.83. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.37.

Richelieu Hardware (TSE:RCH) last issued its earnings results on Thursday, October 9th. The company reported C$0.43 earnings per share for the quarter. Richelieu Hardware had a net margin of 4.97% and a return on equity of 9.84%. The company had revenue of C$499.20 million during the quarter.

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. 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.