Hardwoods Distribution (TSE:HDI) Price Target Cut to C$18.00

Hardwoods Distribution (TSE:HDI) had its price objective cut by National Bank Financial from C$22.50 to C$18.00 in a report published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Cormark cut their price target on shares of Hardwoods Distribution from C$17.50 to C$12.50 in a research note on Monday. Canaccord Genuity boosted their price target on shares of Hardwoods Distribution from C$18.00 to C$19.00 in a research note on Monday, January 13th. Finally, CIBC boosted their price target on shares of Hardwoods Distribution from C$17.00 to C$19.00 in a research note on Monday, January 13th.

HDI stock opened at C$9.44 on Monday. The company has a debt-to-equity ratio of 66.78, a current ratio of 2.09 and a quick ratio of 0.79. Hardwoods Distribution has a one year low of C$7.40 and a one year high of C$17.23. The stock has a market cap of $205.71 million and a PE ratio of 6.84. The firm has a 50 day simple moving average of C$14.29 and a two-hundred day simple moving average of C$14.34.

About Hardwoods Distribution

Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential and commercial construction sectors in Canada and the United States. The company offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, and solid surfaces.

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