Richelieu Hardware (OTCMKTS:RHUHF) had its price target hoisted by research analysts at CIBC from $41.00 to $44.00 in a report released on Monday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential upside of 32.61% from the company’s previous close.
Separately, National Bank Financial boosted their price objective on Richelieu Hardware and gave the company a “sector perform” rating in a research note on Monday, January 25th.
Shares of OTCMKTS:RHUHF remained flat at $$33.18 during trading on Monday. Richelieu Hardware has a twelve month low of $16.33 and a twelve month high of $33.52. The company’s fifty day moving average price is $30.56 and its 200 day moving average price is $28.79.
Richelieu Hardware Company Profile
Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in North America. The company's principal 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, high-pressure laminates, and floor protection products.
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