ADENTRA (TSE:ADEN) Price Target Increased to C$57.00 by Analysts at National Bankshares

ADENTRA (TSE:ADEN) had its target price increased by investment analysts at National Bankshares from C$53.00 to C$57.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock.

A number of other equities analysts also recently commented on ADEN. CIBC increased their price objective on shares of ADENTRA from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Cormark boosted their target price on shares of ADENTRA from C$51.50 to C$56.50 in a report on Tuesday, July 30th. Stifel Nicolaus increased their price target on shares of ADENTRA from C$50.00 to C$55.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Acumen Capital lifted their price objective on shares of ADENTRA from C$54.00 to C$56.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, Scotiabank raised their target price on shares of ADENTRA from C$51.00 to C$52.50 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $55.00.

ADENTRA Stock Down 4.4 %

ADEN traded down $1.86 during trading hours on Monday, hitting $40.85. 21,842 shares of the company’s stock were exchanged, compared to its average volume of 70,483. The stock has a market cap of $1.02 billion and a price-to-earnings ratio of 15.34. ADENTRA has a 1-year low of $24.64 and a 1-year high of $45.25. The stock’s 50-day moving average is $37.03 and its two-hundred day moving average is $30.98.

About ADENTRA

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.