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

ADENTRA Inc. (TSE:ADEN) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company.

Several research analysts have weighed in on the stock. Scotiabank raised their price objective on shares of ADENTRA from C$39.00 to C$40.00 in a report on Friday, October 17th. Desjardins increased their price target on shares of ADENTRA from C$41.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Raymond James Financial lifted their price target on ADENTRA from C$43.00 to C$46.00 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. Finally, CIBC increased their target price on ADENTRA from C$41.00 to C$42.00 in a report on Tuesday, November 11th.

ADENTRA Trading Up 1.0%

Shares of TSE:ADEN opened at $39.23 on Friday. The firm has a market cap of $950.03 million, a PE ratio of 22.29 and a beta of 1.61. The company has a fifty day simple moving average of $34.39 and a 200 day simple moving average of $33.74. ADENTRA has a 12-month low of $24.60 and a 12-month high of $39.80.

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.