National Bankshares Cuts ADENTRA (TSE:ADEN) Price Target to C$53.00

ADENTRA (TSE:ADEN) had its price objective dropped by stock analysts at National Bankshares from C$60.00 to C$53.00 in a report issued on Monday,BayStreet.CA reports.

A number of other research analysts have also recently commented on ADEN. Cormark reduced their price target on shares of ADENTRA from C$55.00 to C$46.00 in a research report on Monday. CIBC reduced their target price on shares of ADENTRA from C$53.00 to C$49.00 in a report on Wednesday, January 15th. Finally, Raymond James set a C$60.00 target price on shares of ADENTRA and gave the stock a “strong-buy” rating in a research report on Friday, December 20th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ADENTRA currently has an average rating of “Buy” and a consensus target price of $48.13.

ADENTRA Price Performance

ADEN stock traded down $0.48 during mid-day trading on Monday, hitting $28.16. 147,672 shares of the stock were exchanged, compared to its average volume of 61,657. The business has a fifty day moving average price of $34.05 and a 200 day moving average price of $37.79. ADENTRA has a 12 month low of $27.77 and a 12 month high of $45.25. The stock has a market capitalization of $497.20 million, a price-to-earnings ratio of 9.60 and a beta of 1.57.

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.