The stock of Richelieu Hardware Ltd. (TSE:RCH) is a huge mover today! About 17,826 shares traded hands. Richelieu Hardware Ltd. (TSE:RCH) has risen 24.41% since April 15, 2016 and is uptrending. It has outperformed by 20.55% the S&P500.
The move comes after 9 months negative chart setup for the $1.59B company. It was reported on Nov, 21 by Barchart.com. We have $25.58 PT which if reached, will make TSE:RCH worth $79.50 million less.
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. $79 is the highest target while $28.50 is the lowest. The $44.50 average target is 65.24% above today’s ($26.93) stock price. Richelieu Hardware Ltd. has been the topic of 7 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, October 7 by Scotia Capital. Scotia Capital downgraded the stock to “Sector Perform” rating in Friday, July 8 report.
More recent Richelieu Hardware Ltd. (TSE:RCH) news were published by: Fool.ca which released: “Should You Buy Richelieu Hardware Ltd.?” on September 24, 2015. Also Fool.ca published the news titled: “Is Richelieu Hardware Ltd. Canada’s Best Kept Secret?” on April 03, 2015. Seekingalpha.com‘s news article titled: “Uncovered: Richelieu Hardware Flying Under The Radar” with publication date: December 28, 2015 was also an interesting one.
Richelieu Hardware Ltd. is a distributor, importer and maker of specialty hardware and complementary products. The company has a market cap of $1.59 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 25.92 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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