Highlights

  • CIBC lifted its Richelieu Hardware price target to C$40.00 from C$37.00.
  • National Bankshares raised its target to C$40.50 and maintained a sector perform rating.
  • Consensus view remains “Hold” with an average target price of C$40.25.

In recent analyst coverage, Richelieu Hardware Ltd (TSE:RCH), saw updated price targets from two brokerages, reflecting adjustments to their expectations for the company’s near-term equity outlook.

On Monday, CIBC raised its price target on Richelieu Hardware shares from C$37.00 to C$40.00, according to a report shared by BayStreet.CA. This updated target, when compared to the stock’s prior closing price, indicates a projected downside of approximately 6.85% relative to that level. CIBC’s revision reflects its internal reassessment of Richelieu’s financial and operational context, as interpreted through its analytical models and sector insights.

Following closely, National Bankshares revised its own outlook in a report dated Tuesday, October 28, increasing its price objective on Richelieu Hardware from C$35.00 to C$40.50. In that same report, National Bankshares assigned a “sector perform” rating to the shares, denoting an expectation that the stock’s performance will be in line with its broader industry peers over the relevant time frame.

According to aggregated market data from MarketBeat, Richelieu Hardware currently holds a consensus rating of “Hold”, based on the views of the available equity research coverage. The average target price among analysts sits at C$40.25, balancing the various price objective revisions and reflecting current market sentiment.

Richelieu Hardware’s most recent quarterly results, released on Thursday, October 9, reported earnings per share (EPS) of C$0.43 for the quarter. During that period, the company recorded C$499.20 million in revenue, with a net margin of 4.97% and a return on equity of 9.84%. These metrics provide context for the updated target prices and the continuing “Hold” consensus.

The company, headquartered in Montreal, operates primarily in Canada and parts of the United States, importing, manufacturing, and distributing a range of hardware products for furniture, cabinetry, doors, windows, and related markets.

RCH last closed at C$43.03 on January 19, 2026.