ADENTRA (TSE:ADEN) Given a C$60.00 Price Target by Raymond James Analysts

ADENTRA (TSE:ADEN) has been assigned a C$60.00 target price by equities research analysts at Raymond James in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock.

A number of other research firms have also commented on ADEN. National Bankshares increased their price target on ADENTRA from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Acumen Capital dropped their price target on shares of ADENTRA from C$56.00 to C$54.00 in a research report on Friday, November 15th. Finally, Stifel Nicolaus cut their price target on shares of ADENTRA from C$53.00 to C$50.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, ADENTRA currently has an average rating of “Buy” and a consensus target price of $55.14.

ADENTRA Price Performance

ADENTRA stock traded up $1.06 during mid-day trading on Friday, reaching $36.72. 20,491 shares of the company were exchanged, compared to its average volume of 64,765. The firm has a market cap of $918.73 million, a PE ratio of 13.80 and a beta of 1.57. The company has a fifty day simple moving average of $39.65 and a 200-day simple moving average of $39.15. ADENTRA has a 12 month low of $29.81 and a 12 month high of $45.25.

About ADENTRA

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.