Key Points
- Insider purchase: Antoine Auclair bought 2,500 Richelieu Hardware (TSE:RCH) shares on Jan 30 at C$40.39 each (C$100,975), boosting his holding to 8,597 shares — a 41% increase in his position.
- Market and analyst context: RCH recently traded near C$43.83 with 50‑/200‑day moving averages of C$41.02/C$37.99; analysts give a consensus "Hold" rating with an average price target of C$40.25 after recent target hikes to about C$40–C$40.50.
Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) insider Antoine Auclair acquired 2,500 shares of the company's stock in a transaction on Friday, January 30th. The shares were bought at an average price of C$40.39 per share, for a total transaction of C$100,975.00. Following the completion of the purchase, the insider owned 8,597 shares in the company, valued at approximately C$347,232.83. This represents a 41.00% increase in their position.
Richelieu Hardware Stock Performance
TSE RCH opened at C$43.83 on Friday. The company has a fifty day moving average price of C$41.02 and a 200-day moving average price of C$37.99. The firm has a market cap of C$2.41 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 0.77 and a beta of 0.72. The company has a debt-to-equity ratio of 26.37, a current ratio of 3.46 and a quick ratio of 0.72. Richelieu Hardware Ltd. has a 1 year low of C$31.81 and a 1 year high of C$44.42.
Richelieu Hardware (TSE:RCH - Get Free Report) last released its quarterly earnings results on Thursday, October 9th. The company reported C$0.43 earnings per share for the quarter. The company had revenue of C$499.20 million for the quarter. Richelieu Hardware had a net margin of 4.97% and a return on equity of 9.84%.
Analyst Ratings Changes
A number of analysts recently commented on RCH shares. National Bank Financial lifted their price target on Richelieu Hardware from C$35.00 to C$40.50 and gave the stock a "sector perform" rating in a report on Tuesday, October 28th. Canadian Imperial Bank of Commerce raised their target price on Richelieu Hardware from C$37.00 to C$40.00 in a research report on Monday, January 19th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$40.25.
View Our Latest Analysis on RCH
About Richelieu Hardware
(
Get Free Report)
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. Richelieu's products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
