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

Hardwoods Distribution (TSE:HWD) had its price objective upped by investment analysts at CIBC from C$24.00 to C$26.00 in a research report issued to clients and investors on Friday. CIBC’s price target would indicate a potential upside of 22.82% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Canaccord Genuity lifted their price objective on shares of Hardwoods Distribution from C$23.00 to C$24.00 in a report on Wednesday, November 15th. National Bank Financial cut their price objective on shares of Hardwoods Distribution from C$27.00 to C$24.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th.

Hardwoods Distribution (TSE HWD) opened at C$21.17 on Friday. The stock has a market cap of $452.27, a price-to-earnings ratio of 14.40 and a beta of 0.37. Hardwoods Distribution has a fifty-two week low of C$16.00 and a fifty-two week high of C$22.00.

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Hardwoods Distribution Company Profile

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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