Hardwoods Distribution (HDI) Price Target Cut to C$15.00
Hardwoods Distribution (TSE:HDI) had its price target lowered by investment analysts at Canaccord Genuity from C$17.00 to C$15.00 in a report issued on Monday. Canaccord Genuity’s price objective indicates a potential upside of 24.07% from the company’s previous close.
Separately, National Bank Financial set a C$15.00 price target on Hardwoods Distribution and gave the stock an “outperform” rating in a research report on Friday, February 1st.
Shares of TSE:HDI opened at C$12.09 on Monday. Hardwoods Distribution has a fifty-two week low of C$10.04 and a fifty-two week high of C$19.48. The stock has a market capitalization of $259.76 million and a price-to-earnings ratio of 8.11. The company has a quick ratio of 0.74, a current ratio of 2.20 and a debt-to-equity ratio of 40.39.
About Hardwoods Distribution
Hardwoods Distribution Inc distributes hardwood lumber, plywood, medium density fiberboard, melamine, particleboards, and specialty products to the industrial and retail markets in North America. The company also distributes decorative surface, such as hardwood plywood, reconstituted veneers, thermally fused laminate, vinyl and foil overlays, and high pressure laminate bonded panels; and composite panels, including hardboard, particleboards, and fiberboards.
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