Richelieu Hardware (TSE:RCH - Free Report) had its target price upped by CIBC from C$32.00 to C$38.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.
Richelieu Hardware Stock Performance
RCH traded up C$0.06 on Monday, reaching C$32.61. The stock had a trading volume of 52,059 shares, compared to its average volume of 96,149. The business's 50-day moving average price is C$34.89 and its two-hundred day moving average price is C$37.72. The company has a market cap of C$1.81 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. Richelieu Hardware has a 12-month low of C$31.95 and a 12-month high of C$43.20. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.37.
Richelieu Hardware Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, May 8th will be given a dividend of $0.1533 per share. The ex-dividend date is Thursday, April 24th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.88%. Richelieu Hardware's dividend payout ratio (DPR) is 37.34%.
About Richelieu Hardware
(
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Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company's sales are derived from its operations in Canada.
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