Scotiabank Raises ADENTRA (TSE:ADEN) Price Target to C$46.00

ADENTRA (TSE:ADEN) had its price objective upped by investment analysts at Scotiabank from C$41.00 to C$46.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

A number of other equities analysts have also issued reports on the stock. CIBC raised their target price on shares of ADENTRA from C$41.00 to C$42.00 in a research report on Tuesday, November 11th. Stifel Nicolaus reduced their target price on shares of ADENTRA from C$51.00 to C$45.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Raymond James Financial raised their price target on ADENTRA from C$43.00 to C$46.00 in a report on Tuesday, November 11th. Finally, National Bankshares upped their price objective on ADENTRA from C$42.50 to C$54.50 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

ADENTRA Price Performance

Shares of ADENTRA stock traded down $0.10 during trading hours on Thursday, hitting $36.70. The company had a trading volume of 27,952 shares, compared to its average volume of 43,158. ADENTRA has a twelve month low of $24.60 and a twelve month high of $39.80. The company has a market cap of $888.76 million, a P/E ratio of 20.85 and a beta of 1.61. The company’s 50-day moving average is $34.71 and its two-hundred day moving average is $33.91.

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.