Scotiabank Raises ADENTRA (TSE:ADEN) Price Target to C$40.00

Key Points

• Scotiabank has raised its price target for ADENTRA (TSE:ADEN) from C$39.00 to C$40.00, reflecting positive sentiment from investment analysts.
• Desjardins has a higher target of C$47.00, while Stifel Nicolaus reduced their target to C$45.00, indicating mixed expectations among analysts.
• ADENTRA’s stock is currently trading at $34.30, having a market capitalization of $837.23 million and an average rating of "Buy" from analysts.

ADENTRA (TSE:ADEN - Get Free Report) had its price objective increased by investment analysts at Scotiabank from C$39.00 to C$40.00 in a report issued on Friday,BayStreet.CA reports.

A number of other research analysts also recently issued reports on the stock. Desjardins upped their target price on shares of ADENTRA from C$41.00 to C$47.00 and gave the company a "buy" rating in a research report on Monday, September 29th. Stifel Nicolaus lowered their target price on shares of ADENTRA from C$51.00 to C$45.00 and set a "buy" rating for the company in a report on Tuesday, October 7th. Finally, National Bankshares lifted their target price on shares of ADENTRA from C$41.00 to C$42.50 and gave the stock an "outperform" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

ADENTRA Stock Performance

Shares of TSE:ADEN traded up $0.76 during midday trading on Friday, hitting $34.30. The company's stock had a trading volume of 22,303 shares, compared to its average volume of 63,980. The stock's 50 day simple moving average is $34.55 and its 200 day simple moving average is $30.09. The stock has a market capitalization of $837.23 million, a price-to-earnings ratio of 19.49 and a beta of 1.25. ADENTRA has a fifty-two week low of $24.60 and a fifty-two week high of $42.67.

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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