National Bank Financial Weighs in on Richelieu Hardware Ltd.’s FY2019 Earnings (RCH)

Richelieu Hardware Ltd. (TSE:RCH) – Research analysts at National Bank Financial issued their FY2019 earnings estimates for shares of Richelieu Hardware in a report issued on Thursday. National Bank Financial analyst L. Aghazarian anticipates that the company will post earnings per share of $1.43 for the year. National Bank Financial currently has a “Outperform” rating and a $36.00 target price on the stock.

Separately, Scotiabank boosted their price objective on Richelieu Hardware from C$30.00 to C$36.00 and gave the stock a “sector perform” rating in a research report on Tuesday.

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Richelieu Hardware (TSE:RCH) traded up 1.21% during midday trading on Monday, reaching $33.50. The company had a trading volume of 25,564 shares. The stock’s 50 day moving average is $31.31 and its 200 day moving average is $30.56. Richelieu Hardware has a 12-month low of $24.65 and a 12-month high of $33.68. The firm has a market capitalization of $1.94 billion and a price-to-earnings ratio of 29.62.

In other Richelieu Hardware news, insider Guy Grenier sold 12,700 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of C$32.17, for a total value of C$408,559.00. Also, Director Richard Lord sold 149,900 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of C$31.50, for a total value of C$4,721,850.00. Over the last quarter, insiders have sold 167,823 shares of company stock worth $5,296,172.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd. is a distributor, importer and manufacturer of specialty hardware and complementary products. 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.

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