National Bank Financial Boosts Richelieu Hardware (TSE:RCH) Price Target to C$28.00

Richelieu Hardware (TSE:RCH) had its price objective raised by equities researchers at National Bank Financial from C$26.00 to C$28.00 in a research note issued to investors on Friday, July 5th, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 14.01% from the stock’s previous close.

Shares of TSE:RCH traded down C$0.07 during mid-day trading on Friday, reaching C$24.56. The company had a trading volume of 90,951 shares, compared to its average volume of 106,667. The company has a current ratio of 4.01, a quick ratio of 1.42 and a debt-to-equity ratio of 5.05. The stock has a market capitalization of $1.41 billion and a price-to-earnings ratio of 21.46. The company has a 50-day simple moving average of C$22.00. Richelieu Hardware has a one year low of C$20.03 and a one year high of C$31.59.

About Richelieu Hardware

Richelieu Hardware Ltd. imports, distributes, and manufactures specialty hardware and complementary products in North America. 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, and floor protection products.

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