ADENTRA (TSE:ADEN) Price Target Raised to C$46.00

ADENTRA (TSE:ADEN) had its target price increased by analysts at TD from C$43.00 to C$46.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

A number of other analysts have also issued reports on ADEN. Stifel Nicolaus boosted their price target on shares of ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Scotiabank dropped their price objective on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating for the company in a report on Tuesday, April 28th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

ADENTRA Price Performance

Shares of ADEN stock traded up $2.74 on Thursday, hitting $39.00. The stock had a trading volume of 120,120 shares, compared to its average volume of 55,181. The company’s 50 day moving average price is $35.43 and its 200-day moving average price is $35.65. ADENTRA has a 1 year low of $31.25 and a 1 year high of $41.20. The firm has a market capitalization of $944.85 million, a P/E ratio of 14.83 and a beta of 1.59.

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.