ADENTRA (TSE:ADEN) Given New C$44.00 Price Target at CIBC

ADENTRA (TSE:ADEN) had its target price lowered by CIBC from C$49.00 to C$44.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock.

Other research analysts have also recently issued research reports about the company. National Bankshares dropped their price target on ADENTRA from C$60.00 to C$53.00 in a research report on Monday. Raymond James set a C$60.00 price target on shares of ADENTRA and gave the stock a “strong-buy” rating in a report on Friday, December 20th. Finally, Cormark decreased their price objective on ADENTRA from C$55.00 to C$46.00 in a report on Monday. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $48.13.

ADENTRA Stock Down 1.7 %

TSE:ADEN traded down $0.48 during trading hours on Monday, hitting $28.16. 147,672 shares of the company traded hands, compared to its average volume of 61,657. The firm’s 50-day simple moving average is $34.05 and its 200-day simple moving average is $37.79. ADENTRA has a one year low of $27.77 and a one year high of $45.25. The company has a market cap of $497.20 million, a PE ratio of 9.60 and a beta of 1.57.

About ADENTRA

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.