Hardwoods Distribution (HWD) PT Raised to C$26.00 at CIBC

Hardwoods Distribution (TSE:HWD) had its price objective lifted by stock analysts at CIBC from C$24.00 to C$26.00 in a research report issued to clients and investors on Friday. CIBC’s target price indicates a potential upside of 24.58% from the company’s previous close.

A number of other research analysts have also weighed in on HWD. National Bank Financial upped their price objective on Hardwoods Distribution from C$23.00 to C$27.00 and gave the stock an “outperform” rating in a report on Tuesday, October 17th. Canaccord Genuity set a C$23.00 price objective on Hardwoods Distribution and gave the stock a “buy” rating in a report on Monday, September 25th.

Shares of Hardwoods Distribution (TSE HWD) traded up C$0.31 during mid-day trading on Friday, reaching C$20.87. The company had a trading volume of 27,050 shares, compared to its average volume of 21,641. Hardwoods Distribution has a 52-week low of C$16.00 and a 52-week high of C$22.00. The firm has a market capitalization of $445.86, a price-to-earnings ratio of 14.20 and a beta of 0.37.

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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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