ADENTRA (TSE:ADEN) Hits New 12-Month High – Here’s Why

ADENTRA Inc. (TSE:ADEN)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $39.81 and last traded at $39.75, with a volume of 43276 shares trading hands. The stock had previously closed at $39.04.

Analysts Set New Price Targets

ADEN has been the subject of a number of research reports. Raymond James Financial raised their price objective on ADENTRA from C$43.00 to C$46.00 in a research report on Tuesday, November 11th. National Bank Financial increased their price target on shares of ADENTRA from C$42.50 to C$54.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Scotiabank raised their price target on shares of ADENTRA from C$41.00 to C$46.00 in a report on Thursday, January 29th. Canadian Imperial Bank of Commerce boosted their price objective on shares of ADENTRA from C$41.00 to C$42.00 in a research report on Tuesday, November 11th. Finally, Stifel Nicolaus increased 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 report on Friday, February 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

ADENTRA Trading Up 2.9%

The firm has a 50-day simple moving average of $35.78 and a two-hundred day simple moving average of $34.45. The company has a market capitalization of $972.55 million, a price-to-earnings ratio of 22.82 and a beta of 1.56.

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.