ADENTRA (TSE:ADEN) Price Target Raised to C$46.00 at Scotiabank

ADENTRA (TSE:ADEN) had its price objective upped by analysts at Scotiabank from C$41.00 to C$46.00 in a note issued to investors on Thursday,BayStreet.CA reports.

ADEN has been the subject of a number of other reports. Stifel Nicolaus dropped their price objective on ADENTRA from C$51.00 to C$45.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Raymond James Financial raised their target price on shares of ADENTRA from C$43.00 to C$46.00 in a research note on Tuesday, November 11th. National Bankshares lifted their target price on shares of ADENTRA from C$42.50 to C$54.50 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Finally, CIBC boosted their price target on ADENTRA from C$41.00 to C$42.00 in a research report on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

ADENTRA Stock Performance

ADEN stock traded down $0.10 during trading on Thursday, hitting $36.70. The stock had a trading volume of 27,952 shares, compared to its average volume of 43,158. ADENTRA has a 1-year low of $24.60 and a 1-year high of $39.80. The stock has a market cap of $888.76 million, a price-to-earnings ratio of 20.85 and a beta of 1.61. The company’s 50 day moving average price is $34.71 and its two-hundred day moving average price is $33.91.

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.