Scotia Forecasts Strong Price Appreciation for ADENTRA (TSE:ADEN) Stock

ADENTRA (TSE:ADEN) had its target price upped by investment analysts at Scotia from C$47.00 to C$49.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock.

A number of other equities analysts have also recently issued reports on ADEN. Acumen Capital increased their price target on ADENTRA from C$48.00 to C$50.00 in a report on Friday. Scotiabank lowered 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 research note on Tuesday, April 28th. Desjardins boosted their target price on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday. TD increased their target price on shares of ADENTRA from C$43.00 to C$46.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Stifel Nicolaus raised their price target on shares of ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a report on Friday. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

ADENTRA Trading Down 0.3%

TSE ADEN traded down $0.11 during trading hours on Monday, hitting $39.16. 28,041 shares of the company’s stock were exchanged, compared to its average volume of 55,444. The stock has a 50-day simple moving average of $35.68 and a 200 day simple moving average of $35.65. ADENTRA has a 1-year low of $31.40 and a 1-year high of $41.20. The firm has a market cap of $948.73 million, a price-to-earnings ratio of 14.89 and a beta of 1.59.

ADENTRA Company Profile

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.