ATB Cormark Capital Markets Increases ADENTRA (TSE:ADEN) Price Target to C$61.00

ADENTRA (TSE:ADEN) had its target price lifted by investment analysts at ATB Cormark Capital Markets from C$50.00 to C$61.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. National Bank Financial reduced their price target on shares of ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating on the stock in a research note on Friday. Stifel Nicolaus boosted their target price on shares of ADENTRA from C$47.00 to C$51.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Scotiabank upped their price target on shares of ADENTRA from C$41.00 to C$46.00 in a report on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

ADENTRA Price Performance

TSE:ADEN traded down $0.94 during trading hours on Friday, hitting $34.13. The company’s stock had a trading volume of 74,592 shares, compared to its average volume of 51,972. ADENTRA has a twelve month low of $24.60 and a twelve month high of $41.20. The stock has a fifty day simple moving average of $37.67 and a 200-day simple moving average of $35.28. The company has a market capitalization of $826.53 million, a P/E ratio of 19.39 and a beta of 1.47.

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.