Acumen Capital Lowers ADENTRA (TSE:ADEN) Price Target to C$54.00

ADENTRA (TSE:ADEN) had its price target decreased by equities research analysts at Acumen Capital from C$56.00 to C$54.00 in a research note issued to investors on Friday,BayStreet.CA reports.

ADEN has been the subject of several other research reports. Cormark raised their price objective on shares of ADENTRA from C$51.50 to C$56.50 in a research note on Tuesday, July 30th. Stifel Nicolaus dropped their target price on shares of ADENTRA from C$53.00 to C$50.00 and set a “buy” rating for the company in a report on Thursday, October 17th. CIBC raised their target price on shares of ADENTRA from C$52.00 to C$53.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Scotiabank raised their target price on shares of ADENTRA from C$51.00 to C$52.50 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Finally, National Bankshares lifted their price target on shares of ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, ADENTRA presently has an average rating of “Buy” and an average target price of $54.33.

ADENTRA Price Performance

Shares of ADEN stock traded down $1.64 during mid-day trading on Friday, hitting $38.82. The stock had a trading volume of 42,977 shares, compared to its average volume of 62,453. ADENTRA has a fifty-two week low of $25.15 and a fifty-two week high of $45.25. The firm has a market cap of $971.28 million, a PE ratio of 14.69 and a beta of 1.57. The company’s 50-day simple moving average is $40.80 and its 200-day simple moving average is $37.49.

Insider Transactions at ADENTRA

In other news, Senior Officer Daniel Brian Figgins sold 7,800 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $38.76, for a total transaction of $302,328.00. Insiders own 10.73% of the company’s stock.

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.