Stifel Nicolaus Boosts ADENTRA (TSE:ADEN) Price Target to C$51.00

ADENTRA (TSE:ADEN) had its target price increased by research analysts at Stifel Nicolaus from C$49.50 to C$51.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Several other analysts have also recently commented on ADEN. ATB Cormark Capital Markets upped their target price on shares of ADENTRA from C$50.00 to C$61.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Scotiabank upped their target price on shares of ADENTRA from C$41.00 to C$46.00 in a research report on Thursday, January 29th. Finally, National Bank Financial dropped their target price 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. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

ADENTRA Stock Performance

Shares of ADENTRA stock opened at $36.42 on Friday. The firm has a fifty day moving average of $35.93 and a two-hundred day moving average of $35.09. The stock has a market capitalization of $883.00 million, a price-to-earnings ratio of 13.44 and a beta of 1.39. ADENTRA has a 52 week low of $24.60 and a 52 week high of $41.20.

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.