Hardwoods Distribution (HWD) PT Raised to C$26.00

Hardwoods Distribution (TSE:HWD) had its price objective raised by stock analysts at Canaccord Genuity from C$24.00 to C$26.00 in a research note issued to investors on Wednesday. Canaccord Genuity’s price objective indicates a potential upside of 33.61% from the stock’s current price.

Several other research analysts have also recently weighed in on HWD. National Bank Financial reduced their price target on shares of Hardwoods Distribution from C$27.00 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. CIBC upped their price target on shares of Hardwoods Distribution from C$24.00 to C$26.00 in a report on Friday, January 12th.

Hardwoods Distribution (TSE:HWD) opened at C$19.46 on Wednesday. The firm has a market cap of $416.83, a P/E ratio of 13.24 and a beta of 0.31. Hardwoods Distribution has a 1-year low of C$16.00 and a 1-year high of C$22.00.

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About Hardwoods Distribution

Hardwoods Distribution Inc is a Canada-based company engaged in the wholesale distribution of hardwood lumber and related sheet good and specialty products. The Company operates through its Canada and United States segments. The Company, through its subsidiaries, is engaged in operating a network of over 30 distribution centers in Canada and the United States.

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