Richelieu Hardware Ltd. (RCH) Director Richard Lord Sells 30,000 Shares of Stock

Richelieu Hardware Ltd. (TSE:RCH) Director Richard Lord sold 30,000 shares of Richelieu Hardware stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of C$34.10, for a total value of C$1,023,000.00.

Richelieu Hardware Ltd. (TSE:RCH) traded up C$0.73 during trading on Friday, hitting C$34.83. The stock had a trading volume of 69,300 shares, compared to its average volume of 46,995. Richelieu Hardware Ltd. has a fifty-two week low of C$24.92 and a fifty-two week high of C$34.83.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Thursday, November 2nd were issued a $0.0567 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Wednesday, October 18th.

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Several analysts have recently weighed in on RCH shares. Scotiabank boosted their target price on Richelieu Hardware from C$29.50 to C$30.00 and gave the company a “sector perform” rating in a report on Friday, July 7th. National Bank Financial boosted their target price on Richelieu Hardware from C$33.50 to C$36.00 and gave the company an “outperform” rating in a report on Friday, October 6th.

About Richelieu Hardware

Richelieu Hardware Ltd. is a distributor, importer and manufacturer of specialty hardware and complementary products. The Company’s 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, window and door hardware, glass hardware and floor protection products.

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