Richelieu Hardware Ltd. (RCH:TSX) CIBC cuts target to $44 from $46

Analyst Ratings Coverage

Today CIBC World Markets (Rank#13) released a research report updating their coverage on Richelieu Ltd.  The analyst maintained their “Neutral” rating on the stock, and lowered the 12 month forecast on the stock to $44 from $46.

RCH:CA Ratings by Stock Target Advisor

RCH Stock Forecast & Analysis

According to the consensus forecast of 4 analysts, the average target price for Richelieu Hardware Ltd. over the next 12 months is CAD 43.92. This suggests a potential upside for the stock compared to its current price. The average analyst rating for Richelieu Hardware Ltd. is “Buy,” indicating an overall positive sentiment among analysts.

Stock Target Advisor’s own analysis of Richelieu Hardware Ltd.’s stock. They have categorized their analysis as “Bullish,” indicating a positive outlook. This assessment is based on 11 positive signals and 4 negative signals that their analysis has identified. It’s important to note that this analysis represents the opinion of Stock Target Advisor and may differ from the consensus among other analysts.

At the last closing, Richelieu Hardware Ltd.’s stock price was CAD 42.17. Over the past week, the stock price has experienced a slight decline of -0.43%. However, it has shown negative momentum over the past month, with a decrease of -6.29%. Looking at the stock’s performance over the last year, it has seen a notable increase of +14.28%.

About Richelieu

Richelieu Hardware Ltd. is a leading distributor, importer, and manufacturer of specialty hardware and complementary products for the woodworking and furniture industries. With a focus on serving customers in North America, the company offers a wide range of products, including decorative and functional hardware, lighting systems, storage solutions, and kitchen accessories. Richelieu operates an extensive distribution network, enabling quick delivery and accessibility to its diverse product portfolio. The company caters to cabinetmakers, furniture manufacturers, architects, designers, and home improvement retailers. With its commitment to quality and customer satisfaction, Richelieu has established itself as a trusted partner in the woodworking and furniture industries.

 

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