Stifel Nicolaus Issues Pessimistic Forecast for ADENTRA (TSE:ADEN) Stock Price

ADENTRA (TSE:ADEN) had its price objective dropped by investment analysts at Stifel Nicolaus from C$51.00 to C$49.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

Other research analysts also recently issued research reports about the stock. National Bank Financial decreased their price target on shares of ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating for the company in a research note on Friday. ATB Cormark Capital Markets raised their price objective on shares of ADENTRA from C$50.00 to C$61.00 and gave the company an “outperform” rating in a report on Friday. Finally, Scotiabank lifted their price objective on shares of ADENTRA from C$41.00 to C$46.00 in a research report on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, ADENTRA has a consensus rating of “Moderate Buy”.

ADENTRA Stock Performance

Shares of ADENTRA stock opened at $34.06 on Friday. The business has a 50-day simple moving average of $37.67 and a 200-day simple moving average of $35.28. ADENTRA has a one year low of $24.60 and a one year high of $41.20. The company has a market cap of $824.83 million, a PE ratio of 19.35 and a beta of 1.47.

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.