Desjardins Forecasts Strong Price Appreciation for ADENTRA (TSE:ADEN) Stock

ADENTRA (TSE:ADEN) had its price target upped by analysts at Desjardins from C$47.00 to C$49.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Several other research firms have also recently issued reports on ADEN. TD increased their target price on shares of ADENTRA from C$43.00 to C$46.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus increased their price objective on ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Scotiabank dropped their price objective on ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 28th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, ADENTRA has an average rating of “Buy”.

ADENTRA Trading Down 0.5%

Shares of ADEN stock traded down $0.21 during trading hours on Friday, reaching $39.17. The stock had a trading volume of 41,928 shares, compared to its average volume of 55,502. The stock’s fifty day simple moving average is $35.55 and its 200 day simple moving average is $35.65. The firm has a market capitalization of $948.97 million, a PE ratio of 14.89 and a beta of 1.59. ADENTRA has a 12 month low of $31.40 and a 12 month high of $41.20.

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.