Hardwoods Distribution Inc (HDI), was revisited yesterday, and remains undervalued for at least one analyst on the street. The company received a Buy rating from CIBC’s analyst Hamir Patel, with a C$15 price target.
According to TipRanks.com, Patel is a 4-star analyst with an average return of 6.3% and a 45.7% success rate. Patel covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Cascades Inc, and Norbord Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hardwoods Distribution Inc with a C$16 average price target.
The company has a one-year high of C$21.39 and a one-year low of C$10.04. Currently, Hardwoods Distribution Inc has an average volume of 64.52K.
Hardwoods Distribution, Inc. engages in the sourcing and distribution of architectural grade building products to the residential and commercial construction sectors. Its products include hardwood lumber, decorative surfaces, and composite panels. It operates through the Canada and United States geographical segments.
The company’s shares closed on Monday at C$12.64.
