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

Shares of ADENTRA Inc. (TSE:ADEN) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

A number of research analysts recently weighed in on ADEN shares. ATB Cormark Capital Markets raised their price target 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 raised their price objective on shares of ADENTRA from C$41.00 to C$46.00 in a report on Thursday, January 29th. Stifel Nicolaus reduced their price target on shares of ADENTRA from C$51.00 to C$49.50 and set a “buy” rating for the company in a research report on Friday, March 13th. Finally, National Bank Financial lowered their price target on ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th.

ADENTRA Stock Performance

Shares of TSE:ADEN opened at $35.54 on Friday. The business’s 50 day simple moving average is $37.71 and its two-hundred day simple moving average is $35.30. ADENTRA has a 52-week low of $24.60 and a 52-week high of $41.20. The firm has a market cap of $860.67 million, a P/E ratio of 20.19 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.