Shares of Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$35.62 and traded as high as C$35.83. Richelieu Hardware shares last traded at C$34.96, with a volume of 53,280 shares traded.
Analysts Set New Price Targets
RCH has been the subject of a number of research analyst reports. CIBC upped their price target on Richelieu Hardware from C$32.00 to C$38.00 in a report on Monday, April 14th. National Bankshares lowered their price objective on Richelieu Hardware from C$37.50 to C$37.00 and set a "sector perform" rating on the stock in a research report on Thursday, June 26th.
Read Our Latest Analysis on RCH
Richelieu Hardware Stock Up 1.5%
The company has a market cap of C$1.95 billion, a P/E ratio of 21.90, a PEG ratio of 0.77 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.37. The firm has a fifty day moving average price of C$35.37 and a 200 day moving average price of C$35.60.
Richelieu Hardware Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, August 7th will be given a dividend of $0.1533 per share. The ex-dividend date is Thursday, July 24th. This represents a $0.61 annualized dividend and a yield of 1.7%. Richelieu Hardware's dividend payout ratio is 37.34%.
Richelieu Hardware Company Profile
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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.
Further Reading
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