ADENTRA (TSE:ADEN) Reaches New 52-Week High – Time to Buy?

ADENTRA Inc. (TSE:ADEN) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $39.51 and last traded at $39.15, with a volume of 53042 shares. The stock had previously closed at $38.18.

Analyst Upgrades and Downgrades

ADEN has been the subject of several recent research reports. Scotiabank lifted their price target on ADENTRA from C$41.00 to C$46.00 in a research report on Thursday, January 29th. Raymond James Financial increased their price target on shares of ADENTRA from C$43.00 to C$46.00 in a report on Tuesday, November 11th. National Bankshares lifted their price objective 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. Stifel Nicolaus decreased their price objective on shares of ADENTRA from C$51.00 to C$45.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Finally, CIBC increased their target price on shares of ADENTRA from C$41.00 to C$42.00 in a research note on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

ADENTRA Stock Performance

The stock has a market cap of $948.10 million, a price-to-earnings ratio of 22.24 and a beta of 1.56. The business’s 50 day moving average is $35.09 and its 200-day moving average is $34.12.

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.