Richelieu Hardware (RCH) Hits New 12-Month High at $30.65

Richelieu Hardware Ltd. (TSE:RCH) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$30.65 and last traded at C$30.54, with a volume of 21270 shares traded. The stock had previously closed at C$30.39.

Separately, National Bank Financial cut their target price on shares of Richelieu Hardware from C$36.00 to C$35.00 and set an “outperform” rating for the company in a research report on Tuesday, April 3rd.

Richelieu Hardware (TSE:RCH) last posted its quarterly earnings results on Thursday, April 5th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.21 by C$0.01. Richelieu Hardware had a net margin of 7.99% and a return on equity of 18.67%. The business had revenue of C$221.98 million during the quarter, compared to analyst estimates of C$222.80 million.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd. imports, distributes, and manufactures 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, and floor protection products.

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