ADENTRA (TSE:ADEN) Given a C$31.00 Price Target by Scotiabank Analysts

ADENTRA (TSE:ADEN - Get Free Report) received a C$31.00 target price from stock analysts at Scotiabank in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock.

Several other brokerages have also commented on ADEN. National Bankshares decreased their price objective on shares of ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Desjardins decreased their price target on shares of ADENTRA from C$46.00 to C$41.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Canaccord Genuity Group lowered their price objective on shares of ADENTRA from C$50.00 to C$44.00 and set a "buy" rating for the company in a report on Monday, March 17th. CIBC reduced their target price on ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus decreased their target price on ADENTRA from C$41.00 to C$36.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $44.33.

ADENTRA Trading Up 3.0%

TSE ADEN traded up $0.78 on Thursday, hitting $26.73. The company's stock had a trading volume of 17,629 shares, compared to its average volume of 68,893. ADENTRA has a 52-week low of $24.60 and a 52-week high of $45.25. The firm has a market cap of $471.95 million, a P/E ratio of 9.11 and a beta of 1.57. The company's 50-day simple moving average is $26.54 and its 200 day simple moving average is $31.26.

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.

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