ADENTRA (TSE:ADEN) Stock Gets Price Target Boost from Scotiabank

ADENTRA (TSE:ADEN) had its target price boosted by stock analysts at Scotiabank from C$43.00 to C$46.00 in a report issued on Tuesday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock.

Other equities analysts have also issued reports about the stock. TD upped their target price on shares of ADENTRA from C$48.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday. Desjardins raised their price target on shares of ADENTRA from C$49.00 to C$53.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus boosted their price objective on shares of ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Acumen Capital upped their price objective on ADENTRA from C$48.00 to C$50.00 in a report on Friday, August 7th. Finally, Scotia lifted their price objective on ADENTRA from C$47.00 to C$49.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

ADENTRA Price Performance

Shares of TSE:ADEN traded down $0.06 during midday trading on Tuesday, reaching $37.69. The company’s stock had a trading volume of 47,170 shares, compared to its average volume of 51,946. The business’s fifty day simple moving average is $35.49 and its 200-day simple moving average is $35.70. ADENTRA has a fifty-two week low of $31.40 and a fifty-two week high of $41.20. The company has a market capitalization of $913.79 million, a P/E ratio of 13.91 and a beta of 1.27.

ADENTRA (TSE:ADEN) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.21). The company had revenue of $618.65 million for the quarter, compared to analyst estimates of $861.54 million. ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. On average, analysts forecast that ADENTRA will post 4.71 earnings per share for the current fiscal year.

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.