Richelieu Hardware (RCH) Stock Forecast & Price Target

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C$38.68

-0.78 (-1.98%)

(As of 06/18/2024 ET)

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Richelieu Hardware - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 2 Analyst Ratings

Consensus Price Target

C$45.25
16.99% Upside

High Forecast	C$45.50
Average Forecast	C$45.25
Low Forecast	C$45.00

Type	Current Forecast 6/20/23 to 6/19/24	1 Month Ago 5/21/23 to 5/20/24	3 Months Ago 3/22/23 to 3/21/24	1 Year Ago 6/20/22 to 6/20/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$45.25	C$45.25	C$45.75	C$46.00
Forecasted Upside	16.99% Upside	8.42% Upside	6.05% Upside	22.50% Upside

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RCH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RCH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Richelieu Hardware Stock vs. The Competition

Type	Richelieu Hardware	Consumer Cyclical Companies
Consensus Rating Score	2.00	2.47
Consensus Rating	Hold	Hold
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/18/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Sector Perform	C$45.50	+17.48%
4/12/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$46.00 ➝ C$45.00	+11.41%
1/18/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Z. Evershed Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform Market Weight ➝ Sector Perform Market Weight
10/7/2022	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Meaghen Annett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	C$45.00	+24.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:11 AM ET.

RCH Forecast - Frequently Asked Questions

What is Richelieu Hardware's stock forecast and purchase recommendation?: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Richelieu Hardware is C$45.25, with a high forecast of C$45.50 and a low forecast of C$45.00. The consensus rating for Richelieu Hardware stock is Hold based on the current 2 hold ratings for RCH. Learn more on RCH's analyst rating history.
Do Wall Street analysts like Richelieu Hardware more than its competitors?: Analysts like Richelieu Hardware less than other "consumer cyclical" companies. The consensus rating score for Richelieu Hardware is 2.00 while the average consensus rating score for "consumer cyclical" companies is 2.47. Learn more on how RCH compares to other companies.
Does Richelieu Hardware's stock price have much upside?: According to analysts, Richelieu Hardware's stock has a predicted upside of 14.38% based on their 12-month stock forecasts.

What analysts cover Richelieu Hardware?: Richelieu Hardware has been rated by research analysts at CIBC, and National Bankshares in the past 90 days.