ADENTRA (TSE:ADEN) Given New C$54.00 Price Target at Acumen Capital

ADENTRA (TSE:ADEN - Get Free Report) had its price target reduced by Acumen Capital from C$56.00 to C$54.00 in a report issued on Friday,BayStreet.CA reports.

Several other equities analysts have also commented on ADEN. Scotiabank increased their target price on shares of ADENTRA from C$51.00 to C$52.50 and gave the company an "outperform" rating in a report on Tuesday, July 30th. National Bankshares upped their price target on shares of ADENTRA from C$57.00 to C$60.00 and gave the company an "outperform" rating in a report on Monday, October 7th. Cormark raised their target price on ADENTRA from C$51.50 to C$56.50 in a research note on Tuesday, July 30th. Stifel Nicolaus decreased their target price on ADENTRA from C$53.00 to C$50.00 and set a "buy" rating for the company in a report on Thursday, October 17th. Finally, CIBC upped their price objective on shares of ADENTRA from C$52.00 to C$53.00 and gave the stock an "outperform" rating in a report on Tuesday, August 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $54.33.

ADENTRA Stock Performance

ADEN stock traded down $1.69 during midday trading on Friday, reaching $38.77. 106,300 shares of the company's stock traded hands, compared to its average volume of 62,738. The firm has a market capitalization of $970.03 million, a PE ratio of 14.58 and a beta of 1.57. The company has a 50-day moving average price of $40.81 and a two-hundred day moving average price of $37.54. ADENTRA has a 52 week low of $25.15 and a 52 week high of $45.25.

Insiders Place Their Bets

In other news, Senior Officer Daniel Brian Figgins sold 7,800 shares of the firm's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $38.76, for a total value of $302,328.00. 10.73% of the stock is owned by company insiders.

ADENTRA Company Profile

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.