ADENTRA (TSE:ADEN) Stock Price Expected to Rise, Acumen Capital Analyst Says

ADENTRA (TSE:ADEN) had its price target upped by investment analysts at Acumen Capital from C$48.00 to C$50.00 in a research note issued to investors on Friday,BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. Scotiabank lowered their price objective on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 28th. TD boosted their target price on shares of ADENTRA from C$43.00 to C$46.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus upped their target price on shares of ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Desjardins raised their price target on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, ADENTRA currently has a consensus rating of “Buy”.

ADENTRA Trading Down 0.5%

Shares of ADEN traded down $0.21 during trading hours on Friday, reaching $39.17. The stock had a trading volume of 41,928 shares, compared to its average volume of 55,502. The firm has a 50-day simple moving average of $35.55 and a 200 day simple moving average of $35.65. ADENTRA has a 12 month low of $31.40 and a 12 month high of $41.20. The company has a market capitalization of $948.97 million, a price-to-earnings ratio of 14.89 and a beta of 1.59.

About ADENTRA

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.