ADENTRA (TSE:ADEN) Price Target Lowered to C$33.00 at Scotiabank

ADENTRA (TSE:ADEN - Get Free Report) had its price objective dropped by analysts at Scotiabank from C$43.00 to C$33.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock.

ADEN has been the subject of several other research reports. Canaccord Genuity Group decreased 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 research note on Monday, March 17th. Desjardins set a C$46.00 price objective on shares of ADENTRA and gave the company a "buy" rating in a report on Wednesday, April 16th. Cormark cut their price objective on shares of ADENTRA from C$55.00 to C$46.00 in a report on Monday, March 17th. Stifel Nicolaus lowered their target price on shares of ADENTRA from C$41.00 to C$36.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, CIBC reduced their target price on ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $45.11.

ADENTRA Stock Down 1.3 %

ADENTRA stock traded down $0.36 during mid-day trading on Monday, hitting $26.94. 26,967 shares of the stock were exchanged, compared to its average volume of 62,848. ADENTRA has a 12 month low of $25.38 and a 12 month high of $45.25. The firm's fifty day simple moving average is $28.57 and its two-hundred day simple moving average is $34.21. The stock has a market capitalization of $475.66 million, a price-to-earnings ratio of 9.19 and a beta of 1.57.

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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