Richelieu Hardware (RCH) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Richelieu Hardware in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RCH shares.
View RCH analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 1-year price targets for Richelieu Hardware's shares. Their RCH share price forecasts range from C$45.00 to C$49.00. On average, they predict the company's stock price to reach C$46.67 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for RCH or view top-rated stocks among Wall Street analysts.

Richelieu Hardware's stock was trading at C$36.21 on January 1st, 2023. Since then, RCH shares have increased by 21.0% and is now trading at C$43.80.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 6th 2023.
View our RCH earnings forecast.

Richelieu Hardware Ltd. (TSE:RCH) announced its earnings results on Thursday, April, 6th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The business earned $403.03 million during the quarter, compared to analyst estimates of $376.90 million. Richelieu Hardware had a trailing twelve-month return on equity of 21.16% and a net margin of 8.82%.

Richelieu Hardware declared a quarterly dividend on Wednesday, April 19th. Stockholders of record on Thursday, May 4th will be paid a dividend of 0.15 per share on Thursday, May 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, April 19th.
Read our dividend analysis for RCH.

Richelieu Hardware (TSE:RCH) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 1.31%. The dividend payout ratio is 21.35%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for RCH.

Based on aggregate information from My MarketBeat watchlists, some companies that other Richelieu Hardware investors own include Alimentation Couche-Tard (ATD.B), Royal Bank of Canada (RY), Dollarama (DOL), National Bank of Canada (NA), TELUS (T), Toronto-Dominion Bank (TD), Bank of Montreal (BMO), Canadian National Railway (CNR), Manulife Financial (MFC) and Metro (MRU).

Richelieu Hardware trades on the Toronto Stock Exchange (TSX) under the ticker symbol "RCH."

Shares of RCH stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of RCH stock can currently be purchased for approximately C$43.80.

Richelieu Hardware (TSE:RCH) has a market capitalization of C$2.44 billion and generates C$1.82 billion in revenue each year. The company earns C$160.68 million in net income (profit) each year or C$2.81 on an earnings per share basis.

The company employs 2,500 workers across the globe.

Richelieu Hardware's mailing address is 7900 Henri-Bourassa Boulevard West, MONTREAL, QC H4S 1V4, Canada. The official website for the company is www.richelieu.com. The company can be reached via phone at +1-514-3364144.