Richelieu Hardware (TSE:RCH) Price Target Raised to C$40.50 at National Bankshares

Richelieu Hardware (TSE:RCH) had its target price upped by National Bankshares from C$35.00 to C$40.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Richelieu Hardware Price Performance

RCH opened at C$38.16 on Tuesday. The stock’s 50-day moving average price is C$35.79 and its 200 day moving average price is C$35.06. Richelieu Hardware has a 12-month low of C$31.81 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. The firm has a market cap of C$2.11 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 0.77 and a beta of 0.81.

Richelieu Hardware Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, November 16th. Shareholders of record on Sunday, November 16th will be issued a dividend of $0.1533 per share. The ex-dividend date is Thursday, October 23rd. This represents a $0.61 annualized dividend and a yield of 1.6%. Richelieu Hardware’s dividend payout ratio is 40.13%.

Richelieu Hardware Company Profile

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.