ADENTRA (TSE:ADEN - Get Free Report) had its price target reduced by equities researchers at Scotiabank from C$49.00 to C$43.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock.
A number of other equities research analysts also recently weighed in on the company. National Bankshares decreased their target price on ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating on the stock in a research report on Monday. Raymond James set a C$60.00 price objective on ADENTRA and gave the company a "strong-buy" rating in a report on Friday, December 20th. CIBC decreased their price objective on ADENTRA from C$49.00 to C$44.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Cormark decreased their price objective on ADENTRA from C$55.00 to C$46.00 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 stock. According to MarketBeat, ADENTRA presently has an average rating of "Buy" and a consensus target price of $48.13.
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ADENTRA Trading Down 0.6 %
ADEN stock traded down $0.17 during trading on Monday, reaching $28.13. 12,906 shares of the stock were exchanged, compared to its average volume of 65,403. ADENTRA has a twelve month low of $27.37 and a twelve month high of $45.25. The company has a market capitalization of $496.67 million, a P/E ratio of 9.59 and a beta of 1.57. The stock has a 50 day simple moving average of $33.44 and a 200-day simple moving average of $37.48.
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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