Stifel Nicolaus Lowers ADENTRA (TSE:ADEN) Price Target to C$41.00

ADENTRA (TSE:ADEN) had its price objective reduced by investment analysts at Stifel Nicolaus from C$51.00 to C$41.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock.

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

ADENTRA Stock Down 0.3 %

Shares of ADEN opened at $27.81 on Monday. The company’s fifty day moving average is $33.70 and its 200-day moving average is $37.60. ADENTRA has a 12 month low of $27.37 and a 12 month high of $45.25. The firm has a market cap of $491.02 million, a price-to-earnings ratio of 9.48 and a beta of 1.57.

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.