Desjardins Issues Positive Forecast for ADENTRA (TSE:ADEN) Stock Price

ADENTRA (TSE:ADEN) had its price objective boosted by research analysts at Desjardins from C$47.00 to C$49.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

ADEN has been the subject of a number of other reports. Stifel Nicolaus boosted their price objective on shares of ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a report on Friday, April 17th. TD increased their target price on shares of ADENTRA from C$43.00 to C$46.00 and gave the company a “buy” rating in a report on Thursday. Finally, Scotiabank decreased their target price on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 28th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, ADENTRA currently has an average rating of “Buy”.

ADENTRA Stock Performance

ADEN traded down $0.21 during midday trading on Friday, hitting $39.17. The stock had a trading volume of 41,928 shares, compared to its average volume of 55,502. ADENTRA has a 1 year low of $31.40 and a 1 year high of $41.20. The business has a fifty day moving average of $35.55 and a 200 day moving average of $35.65. The company has a market cap of $948.97 million, a P/E ratio of 14.89 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.