Insider buying: Quincaillerie Richelieu Ltée (TSE: RCH) A director buys 1,400 shares

Richelieu Hardware Ltd. (TSE: RCH – Get a rating) Director Marc Poulin purchased 1,400 shares of the company in a transaction dated Thursday, May 5. The shares were acquired at an average cost of CA$34.98 per share, with a total value of CA$48,972.00. Following the completion of the purchase, the administrator now directly owns 9,400 shares of the company, valued at C$328,812.

Marc Poulin has also recently worked in the following job(s):

  • On Thursday, April 21, Marc Poulin purchased 100 shares of Quincaillerie Richelieu. The shares were acquired at an average cost of CA$37.33 per share, with a total value of CA$3,733.00.

Shares of TSE:RCH traded at C$0.20 midday Friday, hitting C$35.18. The stock recorded a trading volume of 30,753 shares, against an average volume of 151,762. Quincaillerie Richelieu Ltée. has a 12-month low of C$34.75 and a 12-month high of C$51.52. The company has a quick ratio of 1.27, a current ratio of 3.25 and a debt ratio of 14.87. The company’s 50-day simple moving average is C$43.11 and its 200-day simple moving average is C$44.34. The company has a market capitalization of C$1.97 billion and a P/E ratio of 14.10.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 5. Investors of record on Thursday, May 5 received a dividend of $0.13. The ex-dividend date was Wednesday, April 20. This represents an annualized dividend of $0.52 and a dividend yield of 1.48%. Richelieu Hardware’s dividend payout ratio is currently 10.76%.

Several brokerages have weighed in on RCH recently. CIBC lowered its price target on Quincaillerie Richelieu shares from C$55.00 to C$47.00 and set a “neutral” rating for the company in a Monday, April 11 research note. TD Securities lowered its price target on Quincaillerie Richelieu shares from C$52.00 to C$48.00 and set a “holding” rating for the company in a Friday, April 8 research note. Finally, National Bank Stocks raised its price target on Quincaillerie Richelieu shares from C$53.50 to C$54.50 and gave the stock an “outperform” rating in a Friday 8 research note. april.

About Richelieu Hardware (Get a rating)

Quincaillerie Richelieu Ltée manufactures, imports and distributes specialized hardware and complementary products in North America. The company’s main product categories include furniture, glass and decorative and functional construction hardware, lighting systems, finishing and decorative products, ergonomic workstation components, storage solutions kitchen and closet panels, sliding door systems, decorative and functional panels, high pressure laminates and protective product flooring.

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Insider buying and selling by quarter for Richelieu Hardware (TSE:RCH)

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