ADENTRA Inc. (TSE:ADEN) Receives Average Rating of “Moderate Buy” from Brokerages

ADENTRA Inc. (TSE:ADEN) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

A number of research analysts have recently commented on ADEN shares. Scotiabank upped their price target on shares of ADENTRA from C$41.00 to C$46.00 in a report on Thursday, January 29th. Stifel Nicolaus decreased their price objective on shares of ADENTRA from C$51.00 to C$49.50 and set a “buy” rating for the company in a report on Friday, March 13th. National Bank Financial lowered their price objective on shares of ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. Finally, ATB Cormark Capital Markets upped their target price on shares of ADENTRA from C$50.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th.

ADENTRA Stock Down 1.6%

ADEN stock opened at $33.59 on Friday. The business’s fifty day simple moving average is $37.65 and its two-hundred day simple moving average is $35.29. ADENTRA has a twelve month low of $24.60 and a twelve month high of $41.20. The firm has a market cap of $814.39 million, a price-to-earnings ratio of 12.39 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.