Stifel Nicolaus Forecasts Strong Price Appreciation for ADENTRA (TSE:ADEN) Stock

ADENTRA (TSE:ADEN) had its target price raised by stock analysts at Stifel Nicolaus from C$47.00 to C$51.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Other research analysts have also recently issued research reports about the company. Canadian Imperial Bank of Commerce upped their target price on ADENTRA from C$41.00 to C$42.00 in a research note on Tuesday, November 11th. National Bankshares boosted their price objective on ADENTRA from C$42.50 to C$54.50 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Raymond James Financial upped their price objective on ADENTRA from C$43.00 to C$46.00 in a research report on Tuesday, November 11th. Finally, Scotiabank lifted their target price on ADENTRA from C$41.00 to C$46.00 in a research report on Thursday, January 29th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

ADENTRA Trading Down 0.2%

Shares of TSE:ADEN opened at $38.62 on Friday. ADENTRA has a 12 month low of $24.60 and a 12 month high of $39.80. The company has a market capitalization of $935.26 million, a price-to-earnings ratio of 21.94 and a beta of 1.56. The firm’s 50-day moving average is $35.42 and its 200 day moving average is $34.27.

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.