ADENTRA (TSE:ADEN) Given New C$43.00 Price Target at Scotiabank

ADENTRA (TSE:ADEN) had its price objective dropped by equities researchers at Scotiabank from C$49.00 to C$43.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock.

ADEN has been the subject of several other reports. National Bankshares decreased their price objective on shares of ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating for the company in a report on Monday. CIBC decreased their price objective on shares of ADENTRA from C$49.00 to C$44.00 and set an “outperform” rating for the company in a report on Monday. Raymond James set a C$60.00 price objective on shares of ADENTRA and gave the stock a “strong-buy” rating in a report on Friday, December 20th. Finally, Cormark decreased their price target on shares of ADENTRA from C$55.00 to C$46.00 in a report on Monday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $48.13.

ADENTRA Price Performance

Shares of ADEN stock opened at $27.81 on Monday. The firm has a market cap of $491.02 million, a P/E ratio of 9.48 and a beta of 1.57. ADENTRA has a 1-year low of $27.37 and a 1-year high of $45.25. The firm has a fifty day moving average of $33.70 and a two-hundred day moving average of $37.60.

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.