Hardwoods Distribution Inc (TSE:HWD) has been assigned a C$23.00 price target by stock analysts at Canaccord Genuity in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 15.29% from the stock’s current price.

Hardwoods Distribution (TSE HWD) traded up 1.946% during midday trading on Monday, hitting $20.165. The company had a trading volume of 26,151 shares. The firm has a market capitalization of $430.78 million and a P/E ratio of 13.671. The company has a 50 day moving average price of $19.36 and a 200 day moving average price of $18.21. Hardwoods Distribution has a 1-year low of $16.00 and a 1-year high of $20.29.

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In related news, insider John Patrick Griffin sold 5,000 shares of Hardwoods Distribution stock in a transaction dated Friday, June 30th. The stock was sold at an average price of C$18.41, for a total value of C$92,050.00.

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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