According to BayStreet.CA, investment analysts at National Bankshares lowered their price objective for Richelieu Hardware (TSE: RCH) in a research note given to investors on Friday. The new price objective is C$54.00, which decreases from the previous price objective of C$55.00. Currently, the research and analysis firm for the company has assigned the business the rating of “outperform.” Compared to the price at which the stock was traded at its most recent closing price, the price target for National Bankshares indicates a potential for a higher value of 44.66%.
Several new research analysts have published an analysis of the company in recent weeks, and these new analysts have been writing about their findings. CIBC lowered their price objective for Richelieu Hardware from $47.00 Canadian to $46.00 Canadian in a report disseminated on Tuesday, January 10. TD Securities lowered its rating on Richelieu Hardware from “buy” to “hold” and set a target price of 45.00 Canadian dollars on the stock in a research note distributed by the brokerage firm on Friday, October 7. The note was included in a distribution of the firm’s research.
The price of TSE RCH rose by $0.08 during the trading session during lunch on Friday, and it reached a new all-time high of C$37.33. During this particular session, 43,613 shares of the company’s stock were traded, which is significantly lower than the stock’s daily volume average of 70,344 shares. According to our calculations, the company has a market capitalization of $2.08 billion, and its PE ratio comes in at 12.51. During the past year, the price of Richelieu Hardware has fluctuated between a low of 32.35 Canadian Dollars and a high of 51.52 Canadian Dollars. A debt-to-equity ratio comes in at 26.69; a current ratio comes in at 2.75; a quick ratio comes in at 0.72; and a current ratio comes in at 0.72. The company’s stock has traded at an average moving price of $36.75 over the past 200 trading days, while its price has traded at an average moving price of $37.08 over the last 50 trading days.
Richelieu Hardware Ltd. is a manufacturer, importer, and distributor of specialty hardware and other commodities connected to this industry in North America. The company’s primary market is North America. The company’s primary product categories consist of furniture, glass, and building decorative and functional hardware; finishing and decorating products; lighting systems; ergonomic workstation components; kitchen and closet storage solutions; sliding door systems; decorative and functional panels; high-pressure laminates; railings and balusters; floor protection products; and accessory items for power tools. The company was founded in 1927 and is headquartered in the United States. Additional product categories include:
Decorative and functional panels.
Railings and balusters.
Accessory items for power tools.
Decorative and functional panels are also included in this category.