ADENTRA (TSE:ADEN) Price Target Raised to C$50.00

ADENTRA (TSE:ADEN) had its price objective raised by Acumen Capital from C$48.00 to C$50.00 in a report released on Friday,BayStreet.CA reports.

A number of other analysts also recently weighed in on the company. TD increased their price target on ADENTRA from C$43.00 to C$46.00 and gave the stock a “buy” rating in a report on Thursday. Desjardins boosted their price objective on ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday. Scotiabank cut their target price on ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 28th. Finally, Stifel Nicolaus raised their target price on ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

ADENTRA Trading Down 0.5%

ADEN stock traded down $0.21 during midday trading on Friday, hitting $39.17. The stock had a trading volume of 41,928 shares, compared to its average volume of 55,502. The firm has a market cap of $948.97 million, a P/E ratio of 14.89 and a beta of 1.59. ADENTRA has a 1-year low of $31.40 and a 1-year high of $41.20. The business has a fifty day moving average price of $35.55 and a two-hundred day moving average price of $35.65.

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.