ADENTRA (TSE:ADEN) Price Target Lowered to C$44.00 at Canaccord Genuity Group

ADENTRA (TSE:ADEN) had its target price dropped by equities researchers at Canaccord Genuity Group from C$50.00 to C$44.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock.

Several other research firms have also recently weighed in on ADEN. Scotiabank cut their price objective on shares of ADENTRA from C$49.00 to C$43.00 and set an “outperform” rating for the company in a research report on Monday. Cormark cut their price objective on shares of ADENTRA from C$55.00 to C$46.00 in a research report on Monday. Raymond James set a C$60.00 price objective on shares of ADENTRA and gave the stock a “strong-buy” rating in a research report on Friday, December 20th. CIBC cut their price objective on shares of ADENTRA from C$49.00 to C$44.00 and set an “outperform” rating for the company in a research report on Monday. Finally, National Bankshares cut their price objective on shares of ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating for the company in a research report on Monday. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $48.13.

ADENTRA Stock Performance

ADEN stock opened at $27.81 on Monday. The company’s 50-day simple moving average is $33.70 and its 200 day simple moving average is $37.60. ADENTRA has a 52 week low of $27.37 and a 52 week high of $45.25. The company has a market capitalization of $491.02 million, a PE ratio of 9.48 and a beta of 1.57.

About ADENTRA

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.