Richelieu Hardware (TSE:RCH) Price Target Cut to C$42.00 by Analysts at CIBC

Richelieu Hardware (TSE:RCH - Get Free Report) had its price objective dropped by CIBC from C$43.00 to C$42.00 in a research report issued on Wednesday,BayStreet.CA reports. CIBC's target price would indicate a potential upside of 11.73% from the company's current price.

Richelieu Hardware Stock Performance

Shares of Richelieu Hardware stock traded up C$0.34 during trading hours on Wednesday, reaching C$37.59. 35,859 shares of the stock traded hands, compared to its average volume of 74,394. Richelieu Hardware has a one year low of C$36.30 and a one year high of C$47.59. The firm has a market capitalization of C$2.09 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 0.77 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.31. The company has a 50 day moving average price of C$38.83 and a 200 day moving average price of C$39.13.

Insider Transactions at Richelieu Hardware

In other Richelieu Hardware news, Senior Officer Antoine Auclair sold 5,400 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$38.26, for a total value of C$206,605.62. Also, Senior Officer Guy Grenier sold 3,000 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$37.54, for a total transaction of C$112,632.90. Corporate insiders own 7.62% of the company's stock.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. 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; railing and balusters; floor protection products; and power tool accessories.