Richelieu Hardware (TSE:RCH) Price Target Lowered to C$42.00 at CIBC

Richelieu Hardware (TSE:RCH) had its price target lowered by CIBC from C$43.00 to C$42.00 in a report released on Wednesday,BayStreet.CA reports.

Richelieu Hardware Trading Up 0.9 %

Shares of RCH stock opened at C$37.59 on Wednesday. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.31. Richelieu Hardware has a 1 year low of C$36.30 and a 1 year high of C$47.59. The firm’s fifty day simple moving average is C$38.83 and its 200 day simple moving average is C$39.13. The firm has a market capitalization of C$2.09 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94.

Insider Activity

In other Richelieu Hardware news, Senior Officer Guy Grenier sold 3,000 shares of Richelieu Hardware stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$37.54, for a total transaction of C$112,632.90. Also, Senior Officer Antoine Auclair sold 5,400 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of C$38.26, for a total transaction of C$206,605.62. 7.62% of the stock is owned by company insiders.

About Richelieu Hardware

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. The company’s principal 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; high-pressure laminates; railing and balusters; floor protection products; and power tool accessories.