Hardwoods Distribution (TSE:HWD) had its target price lifted by analysts at CIBC from C$24.00 to C$26.00 in a report issued on Friday. CIBC’s price target suggests a potential upside of 24.58% from the stock’s current price.

Several other analysts also recently weighed in on HWD. Canaccord Genuity set a C$23.00 price target on shares of Hardwoods Distribution and gave the company a “buy” rating in a research note on Monday, September 25th. National Bank Financial lifted their price target on shares of Hardwoods Distribution from C$23.00 to C$27.00 and gave the company an “outperform” rating in a research note on Tuesday, October 17th.

Hardwoods Distribution (TSE HWD) traded up C$0.31 during trading on Friday, hitting C$20.87. 27,050 shares of the stock traded hands, compared to its average volume of 21,641. Hardwoods Distribution has a 1 year low of C$16.00 and a 1 year high of C$22.00. The company has a market capitalization of $452.27, a P/E 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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