ADENTRA (TSE:ADEN) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

ADENTRA (TSE:ADEN) had its target price hoisted by equities researchers at Stifel Nicolaus from C$48.00 to C$54.00 in a 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 have also commented on ADEN. Acumen Capital raised their price target on shares of ADENTRA from C$48.00 to C$50.00 in a research report on Friday. Desjardins increased their target price on shares of ADENTRA from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday. TD raised their target price on shares of ADENTRA from C$43.00 to C$46.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Scotiabank dropped their price target on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 28th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

ADENTRA Stock Down 0.5%

Shares of ADENTRA stock traded down $0.21 during trading on Friday, reaching $39.17. The company’s stock had a trading volume of 41,928 shares, compared to its average volume of 55,502. The business’s 50-day moving average price is $35.55 and its 200-day moving average price is $35.65. The firm has a market cap of $948.97 million, a PE ratio of 14.89 and a beta of 1.59. ADENTRA has a 52 week low of $31.40 and a 52 week 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.