Richelieu Hardware (TSE:RCH) Price Target Cut to C$37.00 by Analysts at National Bankshares

Richelieu Hardware (TSE:RCH) had its target price decreased by National Bankshares from C$37.50 to C$37.00 in a research report report published on Thursday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Separately, CIBC lifted their price objective on Richelieu Hardware from C$32.00 to C$38.00 in a report on Monday, April 14th.

Richelieu Hardware Price Performance

TSE:RCH opened at C$35.84 on Thursday. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.37. Richelieu Hardware has a 52 week low of C$31.81 and a 52 week high of C$43.20. The stock has a market capitalization of C$1.99 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The stock’s 50-day moving average price is C$34.08 and its 200-day moving average price is C$36.06.

Richelieu Hardware Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Thursday, May 8th were issued a $0.1533 dividend. This represents a $0.61 annualized dividend and a yield of 1.71%. The ex-dividend date was Thursday, April 24th. Richelieu Hardware’s payout ratio is 37.34%.

About Richelieu Hardware

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.