Richelieu Hardware Ltd. (RCH) Given New C$36.00 Price Target at Scotiabank

Richelieu Hardware Ltd. (TSE:RCH) had its target price lifted by Scotiabank from C$30.00 to C$36.00 in a research report released on Tuesday morning. They currently have a sector perform rating on the stock.

Separately, National Bank Financial raised their target price on shares of Richelieu Hardware from C$33.50 to C$36.00 and gave the stock an outperform rating in a report on Friday, October 6th.

Shares of Richelieu Hardware (TSE RCH) opened at 33.10 on Tuesday. Richelieu Hardware has a 12 month low of $24.65 and a 12 month high of $33.68. The company has a market cap of $1.92 billion and a P/E ratio of 29.27. The stock’s 50 day moving average is $31.31 and its 200-day moving average is $30.56.

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In related news, insider Christian Dion sold 1,000 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of C$31.56, for a total transaction of C$31,560.00. Also, Director Richard Lord sold 149,900 shares of the firm’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of C$31.50, for a total transaction of C$4,721,850.00. In the last three months, insiders have sold 167,823 shares of company stock valued at $5,296,172.

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.

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