ADENTRA Inc. (TSE:ADEN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of ADENTRA Inc. (TSE:ADEN) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company.

A number of research analysts have recently commented on ADEN shares. Stifel Nicolaus increased their target price on ADENTRA from C$47.00 to C$51.00 and gave the company a “buy” rating in a research report on Friday, February 6th. National Bank Financial lifted their price objective on shares of ADENTRA from C$42.50 to C$54.50 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Scotiabank upped their target price on shares of ADENTRA from C$41.00 to C$46.00 in a research report on Thursday, January 29th. Raymond James Financial increased their price target on shares of ADENTRA from C$43.00 to C$46.00 in a report on Tuesday, November 11th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on ADENTRA from C$41.00 to C$42.00 in a research note on Tuesday, November 11th.

ADENTRA Trading Down 0.5%

TSE:ADEN opened at $39.23 on Wednesday. The business’s 50-day moving average is $36.78 and its 200 day moving average is $34.99. ADENTRA has a 12 month low of $24.60 and a 12 month high of $41.20. The company has a market capitalization of $950.03 million, a P/E ratio of 22.29 and a beta of 1.56.

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.