ATB Cormark Capital Markets Forecasts Strong Price Appreciation for ADENTRA (TSE:ADEN) Stock

ADENTRA (TSE:ADEN) had its price target increased by research analysts at ATB Cormark Capital Markets from C$50.00 to C$61.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock.

A number of other equities analysts also recently commented on ADEN. National Bank Financial reduced their price objective on ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday. Stifel Nicolaus upped their target price on ADENTRA from C$47.00 to C$51.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Scotiabank raised their target price on ADENTRA from C$41.00 to C$46.00 in a research note on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

ADENTRA Price Performance

Shares of ADENTRA stock opened at $34.06 on Friday. The stock’s 50 day simple moving average is $37.67 and its 200-day simple moving average is $35.28. The stock has a market cap of $824.83 million, a P/E ratio of 19.35 and a beta of 1.47. ADENTRA has a 1-year low of $24.60 and a 1-year high of $41.20.

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.