ADENTRA (TSE:ADEN) Price Target Raised to C$51.00 at Stifel Nicolaus

ADENTRA (TSE:ADEN) had its price objective lifted by equities research analysts at Stifel Nicolaus from C$49.50 to C$51.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

Several other brokerages have also recently weighed in on ADEN. ATB Cormark Capital Markets raised their price target on shares of ADENTRA from C$50.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. National Bank Financial decreased their price target on shares of ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. Finally, Scotiabank raised their price target on shares of ADENTRA from C$41.00 to C$46.00 in a research note on Thursday, January 29th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, ADENTRA has an average rating of “Moderate Buy”.

ADENTRA Price Performance

Shares of ADEN traded up $2.51 during mid-day trading on Friday, hitting $36.62. 38,181 shares of the company’s stock were exchanged, compared to its average volume of 50,193. The company has a market cap of $887.85 million, a PE ratio of 13.51 and a beta of 1.39. ADENTRA has a 52 week low of $24.60 and a 52 week high of $41.20. The company has a 50-day simple moving average of $35.97 and a 200 day simple moving average of $35.09.

ADENTRA Company Profile

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.