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

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

A number of research firms have recently commented on ADEN. Stifel Nicolaus reduced their target price on shares of ADENTRA from C$51.00 to C$45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. National Bankshares lifted 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 note on Tuesday, October 28th. CIBC upped their price objective on shares of ADENTRA from C$41.00 to C$42.00 in a research report on Tuesday, November 11th. Scotiabank raised their target price on ADENTRA from C$39.00 to C$40.00 in a research note on Friday, October 17th. Finally, Desjardins lifted their target price on ADENTRA from C$41.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 29th.

ADENTRA Stock Performance

Shares of TSE:ADEN opened at $39.23 on Friday. The business’s 50-day simple moving average is $34.39 and its 200 day simple moving average is $33.74. The company has a market cap of $950.03 million, a P/E ratio of 22.29 and a beta of 1.61. ADENTRA has a one year low of $24.60 and a one year high of $39.80.

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.