RICHELIEU HARDWARE L

RCH
Delayed Quote. Delayed  - 09/16 11:11:29 am
45.29CAD +0.94%

Richelieu Hardware Ltd. : Close to new upside potential

07/30/2021 | 02:36am
Jordan Dufee
Senior Analyst

Strategy published on : 07/30/2021 | 02:36

long trade
Live

Entry price : 43.11CAD
Target : 48CAD
Stop-loss : 39CAD
Potential : 11.34%

Shares in Richelieu Hardware Ltd. are approaching an important resistance level. The stock's technical chart suggests that this pivot level will be broken.
Investors have an opportunity to buy the stock and target the CAD 48.

Summary

● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

● Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

● According to Refinitiv, the company's ESG score for its industry is poor.


Strengths

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● For several months, analysts have been revising their EPS estimates roughly upwards.

● The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.

● Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.

● Historically, the company has been releasing figures that are above expectations.


Weaknesses

● The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness.

● In relation to the value of its tangible assets, the company's valuation appears relatively high.

● The company is not the most generous with respect to shareholders' compensation.

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