Cormark Has Lowered Expectations for ADENTRA (TSE:ADEN) Stock Price

ADENTRA (TSE:ADEN) had its price objective cut by stock analysts at Cormark from C$55.00 to C$46.00 in a research report issued on Monday,BayStreet.CA reports.

ADEN has been the subject of a number of other research reports. CIBC decreased their price target on shares of ADENTRA from C$53.00 to C$49.00 in a report on Wednesday, January 15th. Raymond James set a C$60.00 target price on ADENTRA and gave the stock a “strong-buy” rating in a research note on Friday, December 20th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ADENTRA has an average rating of “Buy” and a consensus price target of $48.13.

ADENTRA Stock Down 1.7 %

Shares of ADENTRA stock traded down $0.48 during midday trading on Monday, hitting $28.16. The company had a trading volume of 147,672 shares, compared to its average volume of 61,657. The company has a fifty day simple moving average of $34.05 and a 200 day simple moving average of $37.79. The stock has a market cap of $497.20 million, a price-to-earnings ratio of 9.60 and a beta of 1.57. ADENTRA has a 12-month low of $27.77 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.