Stifel Nicolaus Has Lowered Expectations for ADENTRA (TSE:ADEN) Stock Price

Key Points

• Stifel Nicolaus lowered its price target on ADENTRA from C$51.00 to C$49.50 but kept a "buy" rating.
• Other brokers were mixed—National Bank Financial cut its target to C$52 (outperform), ATB Cormark raised its target to C$61 (outperform) and Scotiabank lifted its target to C$46—leaving a consensus of Moderate Buy (six Buy, one Hold).
• ADENTRA shares fell about 2.7% to $34.13 on Friday, with a market cap of $826.53 million, a P/E of 19.39 and a 52‑week range of $24.60–$41.20.

ADENTRA (TSE:ADEN - Get Free Report) had its price target lowered by investment analysts at Stifel Nicolaus from C$51.00 to C$49.50 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 equities analysts also recently issued reports on the company. National Bank Financial dropped their price target on ADENTRA from C$54.50 to C$52.00 and set an "outperform" rating on the stock in a research report on Friday. ATB Cormark Capital Markets upped their price objective on shares of ADENTRA from C$50.00 to C$61.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Scotiabank raised their target price on shares of ADENTRA from C$41.00 to C$46.00 in a research report on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, ADENTRA has a consensus rating of "Moderate Buy".

ADENTRA Stock Down 2.7%

TSE:ADEN traded down $0.94 during midday trading on Friday, hitting $34.13. The stock had a trading volume of 74,592 shares, compared to its average volume of 51,972. The stock has a 50-day moving average of $37.67 and a 200 day moving average of $35.28. The company has a market capitalization of $826.53 million, a price-to-earnings ratio of 19.39 and a beta of 1.47. ADENTRA has a one year low of $24.60 and a one year high of $41.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.