ADENTRA (TSE:ADEN) Reaches New 52-Week High – Here’s Why

ADENTRA Inc. (TSE:ADEN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.05 and last traded at $38.68, with a volume of 2357 shares trading hands. The stock had previously closed at $39.30.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADEN. National Bankshares lifted their target price on ADENTRA from C$42.50 to C$54.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Stifel Nicolaus dropped their price target on ADENTRA from C$51.00 to C$45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. CIBC lifted their price target on ADENTRA from C$41.00 to C$42.00 in a research report on Tuesday, November 11th. Desjardins boosted their price objective on ADENTRA from C$41.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, Scotiabank increased their price objective on ADENTRA from C$39.00 to C$40.00 in a report on Friday, October 17th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, ADENTRA currently has a consensus rating of “Moderate Buy”.

ADENTRA Stock Performance

The company has a 50-day moving average of $34.07 and a 200-day moving average of $33.60. The stock has a market cap of $947.13 million, a price-to-earnings ratio of 22.22 and a beta of 1.61.

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.