ADENTRA (TSE:ADEN) Price Target Cut to C$34.00 by Analysts at CIBC

ADENTRA (TSE:ADEN - Get Free Report) had its target price cut by equities research analysts at CIBC from C$44.00 to C$34.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock.

A number of other research firms also recently issued reports on ADEN. Stifel Nicolaus decreased their price target on shares of ADENTRA from C$41.00 to C$36.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Scotiabank decreased their price target on ADENTRA from C$49.00 to C$43.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Cormark dropped their price target on shares of ADENTRA from C$55.00 to C$46.00 in a research note on Monday, March 17th. Desjardins set a C$46.00 target price on ADENTRA and gave the company a "buy" rating in a research note on Wednesday, April 16th. Finally, National Bankshares decreased their price target on ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ADENTRA presently has an average rating of "Buy" and a consensus target price of $46.22.

ADENTRA Trading Up 0.1 %

ADEN traded up $0.03 on Tuesday, hitting $27.43. 4,809 shares of the company's stock traded hands, compared to its average volume of 65,388. The company's 50 day simple moving average is $29.31 and its 200-day simple moving average is $34.98. ADENTRA has a one year low of $25.38 and a one year high of $45.25. The firm has a market cap of $484.31 million, a price-to-earnings ratio of 9.35 and a beta of 1.57.

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.