ADENTRA (TSE:ADEN) Price Target Cut to C$49.50 by Analysts at Stifel Nicolaus

by · The Markets Daily

ADENTRA (TSE:ADEN – Get Free Report) had its price objective cut by Stifel Nicolaus from C$51.00 to C$49.50 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

A number of other equities research analysts have also recently commented on ADEN. National Bank Financial decreased their price target on ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating for the company in a research note on Friday. Scotiabank boosted their price target on ADENTRA from C$41.00 to C$46.00 in a research note on Thursday, January 29th. Finally, ATB Cormark Capital Markets upped their price objective on shares of ADENTRA from C$50.00 to C$61.00 and gave the company an “outperform” rating in a report on Friday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, ADENTRA has an average rating of “Moderate Buy”.

View Our Latest Report on ADEN

ADENTRA Stock Down 2.7%

Shares of ADENTRA stock traded down $0.94 during trading on Friday, reaching $34.13. The company’s stock had a trading volume of 74,592 shares, compared to its average volume of 51,972. The company has a market cap of $826.53 million, a price-to-earnings ratio of 19.39 and a beta of 1.47. ADENTRA has a 1-year low of $24.60 and a 1-year high of $41.20. The company has a 50-day simple moving average of $37.67 and a two-hundred day simple moving average of $35.28.

ADENTRA Company Profile

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Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.

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