ADENTRA (TSE:ADEN) Given New C$49.00 Price Target at CIBC

ADENTRA (TSE:ADEN) had its price objective cut by equities research analysts at CIBC from C$53.00 to C$49.00 in a research note issued on Wednesday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. Raymond James set a C$60.00 price target on shares of ADENTRA and gave the company a “strong-buy” rating in a research report on Friday, December 20th. Stifel Nicolaus lowered their price target on ADENTRA from C$53.00 to C$50.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. National Bankshares lifted their price objective on ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Finally, Acumen Capital cut their price target on shares of ADENTRA from C$56.00 to C$54.00 in a report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ADENTRA has a consensus rating of “Buy” and a consensus price target of $54.57.

ADENTRA Trading Up 1.0 %

ADEN stock traded up $0.33 during midday trading on Wednesday, hitting $34.96. The company had a trading volume of 27,158 shares, compared to its average volume of 40,191. The stock has a market cap of $874.70 million, a price-to-earnings ratio of 13.14 and a beta of 1.57. ADENTRA has a 52 week low of $31.21 and a 52 week high of $45.25. The stock’s 50 day moving average price is $38.09 and its 200 day moving average price is $39.56.

ADENTRA Company Profile

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.