ADENTRA (TSE:ADEN) Sets New 1-Year High – Here’s Why

ADENTRA Inc. (TSE:ADEN)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $39.05 and last traded at $38.68, with a volume of 2357 shares changing hands. The stock had previously closed at $39.30.

Wall Street Analysts Forecast Growth

ADEN has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on ADENTRA from C$51.00 to C$45.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. CIBC boosted their price objective on ADENTRA from C$41.00 to C$42.00 in a research note on Tuesday, November 11th. National Bankshares upped their price objective on ADENTRA from C$42.50 to C$54.50 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Scotiabank lifted their target price on ADENTRA from C$39.00 to C$40.00 in a report on Friday, October 17th. Finally, Raymond James Financial upped their price target on shares of ADENTRA from C$43.00 to C$46.00 in a report on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

ADENTRA Price Performance

The firm has a market cap of $940.35 million, a PE ratio of 22.06 and a beta of 1.61. The business has a fifty day moving average price of $33.88 and a two-hundred day moving average price of $33.47.

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.