ADENTRA (TSE:ADEN) Sets New 52-Week High – Still a Buy?

Shares of ADENTRA Inc. (TSE:ADEN) reached a new 52-week high during trading on Thursday . The stock traded as high as $39.81 and last traded at $39.75, with a volume of 43276 shares traded. The stock had previously closed at $39.04.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ADEN shares. Canadian Imperial Bank of Commerce increased their price target on ADENTRA from C$41.00 to C$42.00 in a research note on Tuesday, November 11th. National Bank Financial upped their target price on ADENTRA from C$42.50 to C$54.50 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Stifel Nicolaus upped their target price on ADENTRA from C$47.00 to C$51.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Scotiabank increased their target price on ADENTRA from C$41.00 to C$46.00 in a research report on Thursday, January 29th. Finally, Raymond James Financial raised their price target on ADENTRA from C$43.00 to C$46.00 in a research note on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

ADENTRA Trading Up 2.9%

The firm has a market cap of $972.55 million, a PE ratio of 22.82 and a beta of 1.56. The company’s 50-day moving average is $35.78 and its 200 day moving average is $34.45.

ADENTRA Company Profile

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.