Richelieu Hardware Ltd. (RCH) Received “Sector Perform” Rating at Scotiabank

Richelieu Hardware Ltd. (RCH) Received “Sector Perform” Rating at Scotiabank

Richelieu Hardware Ltd. (TSE:RCH)‘s stock had its “sector perform” rating reiterated by Scotiabank in a report issued on Friday. They presently have a C$28.50 target price on the stock. Scotiabank’s price objective points to a potential upside of 3.64% from the company’s previous close.

Shares of Richelieu Hardware (TSE:RCH) traded up 1.51% on Friday, hitting $27.50. The stock had a trading volume of 40,275 shares. Richelieu Hardware has a 12-month low of $21.07 and a 12-month high of $28.88. The firm has a market cap of $1.59 billion and a P/E ratio of 25.70. The company’s 50-day moving average price is $27.13 and its 200 day moving average price is $26.41.

In related news, Director Sylvie Vachon acquired 1,000 shares of Richelieu Hardware stock in a transaction that occurred on Thursday, March 9th. The stock was acquired at an average price of C$27.02 per share, for a total transaction of C$27,020.00. Also, insider Guy Grenier sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of C$27.65, for a total value of C$63,595.00. In the last 90 days, insiders have purchased 8,600 shares of company stock valued at $235,003 and have sold 26,900 shares valued at $735,571.

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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