Canaccord Genuity Boosts Hardwoods Distribution (OTCMKTS:HDIUF) Price Target to $33.00

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Hardwoods Distribution (OTCMKTS:HDIUF) had its price objective raised by research analysts at Canaccord Genuity from $31.00 to $33.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price objective suggests a potential upside of 43.96% from the stock’s current price.

HDIUF has been the topic of several other research reports. CIBC lifted their target price on shares of Hardwoods Distribution from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, December 18th. National Bank Financial restated an “outperform” rating on shares of Hardwoods Distribution in a report on Thursday, February 4th. Finally, Acumen Capital reiterated a “buy” rating and set a $18.50 price target on shares of Hardwoods Distribution in a research note on Tuesday, November 24th.

OTCMKTS:HDIUF remained flat at $$22.92 during midday trading on Tuesday. Hardwoods Distribution has a one year low of $5.23 and a one year high of $23.79. The business’s 50 day simple moving average is $21.57 and its two-hundred day simple moving average is $18.97.

Hardwoods Distribution Company Profile

Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, solid surface products, and decorative laminates.

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