Scotia Increases ADENTRA (TSE:ADEN) Price Target to C$49.00

ADENTRA (TSE:ADEN) had its price objective upped by equities researchers at Scotia from C$47.00 to C$49.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock.

ADEN has been the subject of several other research reports. Scotiabank dropped their price objective on shares of 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. Acumen Capital boosted their target price on shares of ADENTRA from C$48.00 to C$50.00 in a research note on Friday. TD upped their price target on shares of ADENTRA from C$43.00 to C$46.00 and gave the stock a “buy” rating in a report on Thursday. Desjardins increased their price target on ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus raised their price objective on ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a report on Friday. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

ADENTRA Stock Performance

Shares of ADEN traded down $0.11 during mid-day trading on Monday, reaching $39.16. The company had a trading volume of 28,041 shares, compared to its average volume of 55,444. The company’s 50 day simple moving average is $35.68 and its 200 day simple moving average is $35.65. ADENTRA has a 1-year low of $31.40 and a 1-year high of $41.20. The company has a market capitalization of $948.73 million, a price-to-earnings ratio of 14.89 and a beta of 1.59.

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.