Hardwoods Distribution Inc (HWD) Given a C$22.00 Price Target by National Bank Financial Analysts

Hardwoods Distribution Inc (TSE:HWD) has been assigned a C$22.00 target price by analysts at National Bank Financial in a research note issued to investors on Monday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 31.11% from the stock’s previous close.

Separately, Acumen Capital reaffirmed a “buy” rating and issued a C$22.75 target price on shares of Hardwoods Distribution in a research report on Tuesday, October 18th.

Hardwoods Distribution (TSE:HWD) traded up 2.20% during trading on Monday, hitting $17.15. 19,450 shares of the company were exchanged. Hardwoods Distribution has a 1-year low of $15.06 and a 1-year high of $19.72. The firm’s 50 day moving average price is $17.02 and its 200-day moving average price is $18.16. The stock has a market capitalization of $365.43 million and a PE ratio of 14.02.

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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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