ADENTRA (TSE:ADEN) PT Raised to C$55.00 at Stifel Nicolaus

ADENTRA (TSE:ADEN) had its target price upped by research analysts at Stifel Nicolaus from C$50.00 to C$55.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Other analysts also recently issued reports about the stock. CIBC dropped their target price on shares of ADENTRA from C$52.00 to C$51.00 in a report on Thursday, July 18th. Scotiabank lifted their price objective on shares of ADENTRA from C$51.00 to C$52.50 and gave the company an “outperform” rating in a report on Tuesday. Cormark lifted their price objective on shares of ADENTRA from C$51.50 to C$56.50 in a report on Tuesday. Finally, National Bankshares lifted their price objective on shares of ADENTRA from C$51.50 to C$53.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, ADENTRA currently has a consensus rating of “Buy” and an average price target of $54.43.

ADENTRA Stock Performance

Shares of TSE:ADEN traded up $3.28 during mid-day trading on Tuesday, reaching $44.21. The stock had a trading volume of 112,624 shares, compared to its average volume of 70,613. The firm has a 50 day simple moving average of $34.48 and a two-hundred day simple moving average of $29.80. ADENTRA has a twelve month low of $24.64 and a twelve month high of $44.51.

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.