Canaccord Genuity Group Lowers ADENTRA (TSE:ADEN) Price Target to C$44.00

ADENTRA (TSE:ADEN - Get Free Report) had its price target lowered by investment analysts at Canaccord Genuity Group from C$50.00 to C$44.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock.

ADEN has been the topic of a number of other reports. Cormark dropped their target price on shares of ADENTRA from C$55.00 to C$46.00 in a report on Monday. Scotiabank dropped their target price on shares of ADENTRA from C$49.00 to C$43.00 and set an "outperform" rating on the stock in a report on Monday. Raymond James set a C$60.00 target price on shares of ADENTRA and gave the company a "strong-buy" rating in a report on Friday, December 20th. National Bankshares dropped their target price on shares of ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Stifel Nicolaus dropped their target price on shares of ADENTRA from C$51.00 to C$41.00 and set a "buy" rating on the stock in a report on Monday. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $48.13.

ADENTRA Trading Down 0.6 %

Shares of ADENTRA stock traded down $0.17 during trading hours on Monday, reaching $28.13. 12,906 shares of the company's stock were exchanged, compared to its average volume of 65,403. The company has a 50 day moving average of $33.44 and a two-hundred day moving average of $37.48. ADENTRA has a fifty-two week low of $27.37 and a fifty-two week high of $45.25. The stock has a market cap of $496.67 million, a P/E ratio of 9.59 and a beta of 1.57.

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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.