National Bankshares Lowers ADENTRA (TSE:ADEN) Price Target to C$53.00

ADENTRA (TSE:ADEN) had its price target dropped by stock analysts at National Bankshares from C$60.00 to C$53.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock.

A number of other research firms also recently commented on ADEN. Cormark decreased their target price on ADENTRA from C$55.00 to C$46.00 in a research report on Monday. CIBC decreased their target price on ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday, January 15th. Finally, Raymond James set a C$60.00 target price on ADENTRA and gave the stock a “strong-buy” rating in a research report on Friday, December 20th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ADENTRA presently has an average rating of “Buy” and an average target price of $48.13.

ADENTRA Trading Down 0.3 %

TSE:ADEN opened at $27.81 on Monday. The company has a market capitalization of $491.02 million, a P/E ratio of 9.48 and a beta of 1.57. ADENTRA has a 12 month low of $27.37 and a 12 month high of $45.25. The business’s 50-day moving average is $33.70 and its 200 day moving average is $37.60.

ADENTRA Company Profile

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.