Richelieu Hardware Ltd. (RCH) Target Price Issued at C$28.50 by Scotiabank

Richelieu Hardware Ltd. (RCH) Target Price Issued at C$28.50 by Scotiabank

Richelieu Hardware Ltd. (TSE:RCH) has been assigned a C$28.50 price objective by equities research analysts at Scotiabank in a report released on Friday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 5.20% from the company’s previous close.

Shares of Richelieu Hardware (TSE:RCH) traded up 1.14% during midday trading on Friday, reaching $27.40. The company’s stock had a trading volume of 15,372 shares. Richelieu Hardware has a one year low of $21.07 and a one year high of $28.88. The stock has a market cap of $1.59 billion and a PE ratio of 25.61. The firm has a 50-day moving average of $27.13 and a 200-day moving average of $26.41.

In other news, Director Sylvie Vachon purchased 1,000 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were purchased at an average price of C$27.02 per share, with a total value of C$27,020.00. Also, insider Guy Grenier sold 2,300 shares of the company’s stock in a transaction 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 ninety days, insiders have bought 8,600 shares of company stock worth $235,003 and have sold 26,900 shares worth $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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