Stifel Nicolaus Has Lowered Expectations for ADENTRA (TSE:ADEN) Stock Price

ADENTRA (TSE:ADENGet Free Report) had its target price lowered by investment analysts at Stifel Nicolaus from C$51.00 to C$41.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Other analysts also recently issued research reports about the company. CIBC lowered their price objective on ADENTRA from C$49.00 to C$44.00 and set an “outperform” rating for the company in a research report on Monday. Raymond James set a C$60.00 target price on ADENTRA and gave the company a “strong-buy” rating in a research note on Friday, December 20th. Cormark reduced their price target on ADENTRA from C$55.00 to C$46.00 in a report on Monday. National Bankshares lowered their price objective on shares of ADENTRA from C$60.00 to C$53.00 in a research note on Monday. Finally, Scotiabank cut their price target on ADENTRA from C$49.00 to C$43.00 and set an “outperform” rating for the company in a report on Monday. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $48.13.

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ADENTRA Price Performance

TSE ADEN traded down $0.48 on Monday, reaching $28.16. 147,672 shares of the company’s stock traded hands, compared to its average volume of 61,657. The stock has a market cap of $497.20 million, a PE ratio of 9.60 and a beta of 1.57. The stock has a 50-day simple moving average of $34.05 and a 200 day simple moving average of $37.79. ADENTRA has a 12 month low of $27.77 and a 12 month high of $45.25.

ADENTRA Company Profile

(Get Free Report)

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.

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Analyst Recommendations for ADENTRA (TSE:ADEN)

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