ADENTRA (TSE:ADEN - Get Free Report) had its price objective cut by investment analysts at CIBC from C$53.00 to C$49.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports.
Several other analysts also recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of ADENTRA from C$53.00 to C$50.00 and set a "buy" rating for the company in a research note on Thursday, October 17th. National Bankshares boosted their target price on ADENTRA from C$57.00 to C$60.00 and gave the company an "outperform" rating in a research note on Monday, October 7th. Acumen Capital dropped their target price on ADENTRA from C$56.00 to C$54.00 in a report on Friday, November 15th. Finally, Raymond James set a C$60.00 price target on ADENTRA and gave the stock a "strong-buy" rating in a research note on Friday, December 20th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ADENTRA currently has a consensus rating of "Buy" and an average price target of $54.57.
Get Our Latest Stock Analysis on ADENTRA
ADENTRA Price Performance
TSE ADEN traded up $0.84 during trading hours on Wednesday, reaching $35.47. 165,128 shares of the stock traded hands, compared to its average volume of 54,018. The stock has a 50 day simple moving average of $38.09 and a two-hundred day simple moving average of $39.56. ADENTRA has a 1 year low of $31.21 and a 1 year high of $45.25. The company has a market cap of $887.46 million, a price-to-earnings ratio of 13.33 and a beta of 1.57.
About ADENTRA
(
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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.
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