Is Buying Stock Like Richelieu Hardware Ltd. After Such Increase Winning Strategy?

 Is Buying Stock Like Richelieu Hardware Ltd. After Such Increase Winning Strategy?

The stock of Richelieu Hardware Ltd. (TSE:RCH) is a huge mover today! About 28,998 shares traded hands. Richelieu Hardware Ltd. (TSE:RCH) has risen 16.38% since April 11, 2016 and is uptrending. It has outperformed by 12.46% the S&P500.
The move comes after 6 months positive chart setup for the $1.46 billion company. It was reported on Nov, 15 by Barchart.com. We have $37.52 PT which if reached, will make TSE:RCH worth $584.00 million more.

Richelieu Hardware Ltd. (TSE:RCH) Ratings Coverage

Out of 2 analysts covering Richelieu Hardware Ltd. (TSE:RCH), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Richelieu Hardware Ltd. has been the topic of 7 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Richelieu Hardware Ltd. (TSE:RCH) rating on Friday, October 7. Scotia Capital has “Sector Perform” rating and $28.50 price target. Scotia Capital downgraded Richelieu Hardware Ltd. (TSE:RCH) rating on Friday, July 8. Scotia Capital has “Sector Perform” rating and $28.50 price target.

More notable recent Richelieu Hardware Ltd. (TSE:RCH) news were published by: Seekingalpha.com which released: “Uncovered: Richelieu Hardware Flying Under The Radar” on December 28, 2015, also Fool.ca with their article: “Is Richelieu Hardware Ltd. Canada’s Best Kept Secret?” published on April 03, 2015, Fool.ca published: “Should You Buy Richelieu Hardware Ltd.?” on September 24, 2015. More interesting news about Richelieu Hardware Ltd. (TSE:RCH) were released by: Reuters.com and their article: “BRIEF-Richelieu Hardware reports qtrly EPS of $0.30” published on October 06, 2016 as well as Fool.ca‘s news article titled: “Should You Buy Richelieu Hardware Ltd. Before its Earnings Report Release?” with publication date: June 30, 2015.

Richelieu Hardware Ltd. is a distributor, importer and maker of specialty hardware and complementary products. The company has a market cap of $1.46 billion. 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. It has a 25.8 P/E ratio. The Company’s products are targeted to a customer base of kitchen and bathroom cabinet, furniture, and window and door manufacturers plus the residential and commercial woodworkers, as well as a large customer base of hardware retailers, including renovation superstores.

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