Hardwoods Distribution Inc (HWD) Given New C$24.00 Price Target at National Bank Financial

Hardwoods Distribution Inc (TSE:HWD) had its target price cut by investment analysts at National Bank Financial from C$27.00 to C$24.00 in a report issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 26.78% from the company’s previous close.

Separately, Canaccord Genuity set a C$23.00 price target on shares of Hardwoods Distribution and gave the stock a “buy” rating in a research report on Monday, September 25th.

Hardwoods Distribution (TSE:HWD) traded down C$1.63 during trading on Wednesday, reaching C$18.93. 176,744 shares of the company’s stock traded hands, compared to its average volume of 37,150. Hardwoods Distribution has a 12-month low of C$16.00 and a 12-month 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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