ADENTRA (TSE:ADEN) Given New C$51.50 Price Target at Stifel Nicolaus

ADENTRA (TSE:ADEN) had its price target increased by investment analysts at Stifel Nicolaus from C$46.50 to C$51.50 in a report released on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock.

ADEN has been the subject of a number of other reports. Scotiabank increased their price target on shares of ADENTRA from C$43.00 to C$46.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Acumen Capital upped their price objective on shares of ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. Desjardins increased their target price on shares of ADENTRA from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research report on Tuesday. TD lifted their target price on shares of ADENTRA from C$48.00 to C$50.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Scotia lifted their target price on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat.com, ADENTRA has an average rating of “Buy”.

ADENTRA Stock Performance

TSE:ADEN traded down $0.06 during trading hours on Tuesday, hitting $37.69. 47,170 shares of the company’s stock traded hands, compared to its average volume of 51,946. The stock’s fifty day moving average price is $35.49 and its two-hundred day moving average price is $35.70. The firm has a market cap of $913.79 million, a P/E ratio of 13.91 and a beta of 1.27. ADENTRA has a twelve month low of $31.40 and a twelve month high of $41.20.

ADENTRA (TSE:ADEN) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.21). ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. The business had revenue of $618.65 million for the quarter, compared to analyst estimates of $861.54 million. On average, equities research analysts predict that ADENTRA will post 4.71 earnings per share for the current year.

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.