Canaccord Genuity Group Trims Hardwoods Distribution (OTCMKTS:HDIUF) Target Price to C$60.00

Hardwoods Distribution (OTCMKTS:HDIUFGet Rating) had its price objective decreased by analysts at Canaccord Genuity Group from C$73.00 to C$60.00 in a research note issued on Monday, The Fly reports.

A number of other brokerages also recently weighed in on HDIUF. CIBC lifted their target price on shares of Hardwoods Distribution from C$59.00 to C$60.00 in a research note on Monday, January 10th. Scotiabank began coverage on shares of Hardwoods Distribution in a research note on Wednesday, April 6th. They issued an “outperform” rating for the company.

OTCMKTS HDIUF traded down $0.17 during mid-day trading on Monday, reaching $27.35. 1,300 shares of the stock were exchanged, compared to its average volume of 1,659. Hardwoods Distribution has a one year low of $23.03 and a one year high of $38.96. The stock has a 50 day simple moving average of $32.29 and a 200-day simple moving average of $32.76.

Hardwoods Distribution Company Profile (Get Rating)

Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It 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, solid surface products, and decorative laminates.

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