Hardwoods Distribution (OTCMKTS:HDIUF) Given a $15.00 Price Target by CIBC Analysts

Hardwoods Distribution (OTCMKTS:HDIUF) has been assigned a $15.00 price objective by equities researchers at CIBC in a research note issued on Tuesday, TipRanks reports. The brokerage currently has a “buy” rating on the stock. CIBC’s price objective would indicate a potential upside of 71.43% from the stock’s previous close.

Hardwoods Distribution stock traded up $0.37 during mid-day trading on Tuesday, reaching $8.75. 700 shares of the company were exchanged.

Hardwoods Distribution Company Profile

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.

See Also: Arbitrage

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