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

Key Points

• Stifel Nicolaus raised its target for ADENTRA from C$49.50 to C$51.00 and kept a "buy" rating.
• Analyst backdrop is broadly positive: five analysts rate the stock "Buy" and one "Hold" (MarketBeat consensus "Moderate Buy"), with other targets ranging roughly C$46.00 to C$61.00.
• Recent trading and fundamentals: ADEN traded at C$36.62, has a market cap of C$887.85M, a P/E of 13.51, and a 52‑week range of C$24.60–C$41.20.

ADENTRA (TSE:ADEN - Get Free Report) had its target price upped by stock analysts at Stifel Nicolaus from C$49.50 to C$51.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock.

A number of other research analysts also recently issued reports on ADEN. National Bank Financial cut their target price on shares of ADENTRA from C$54.50 to C$52.00 and set an "outperform" rating on the stock in a research report on Friday, March 13th. Scotiabank upped their target price on shares of ADENTRA from C$41.00 to C$46.00 in a research report on Thursday, January 29th. Finally, ATB Cormark Capital Markets upped their target price on shares of ADENTRA from C$50.00 to C$61.00 and gave the company an "outperform" rating in a research report on Friday, March 13th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

ADENTRA Price Performance

Shares of ADEN traded up $2.51 during trading hours on Friday, hitting $36.62. The stock had a trading volume of 38,181 shares, compared to its average volume of 50,193. The company's fifty day moving average is $35.97 and its two-hundred day moving average is $35.09. ADENTRA has a 52 week low of $24.60 and a 52 week high of $41.20. The stock has a market capitalization of $887.85 million, a price-to-earnings ratio of 13.51 and a beta of 1.39.

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.

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