Acumen Capital Issues Pessimistic Forecast for ADENTRA (TSE:ADEN) Stock Price

ADENTRA (TSE:ADEN) had its price objective reduced by investment analysts at Acumen Capital from C$56.00 to C$54.00 in a research report issued on Friday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. CIBC lifted their price target on shares of ADENTRA from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. Cormark boosted their target price on ADENTRA from C$51.50 to C$56.50 in a report on Tuesday, July 30th. Scotiabank raised their price target on ADENTRA from C$51.00 to C$52.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Stifel Nicolaus cut their price target on ADENTRA from C$53.00 to C$50.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, National Bankshares increased their price objective on ADENTRA from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $54.33.

ADENTRA Trading Down 4.2 %

Shares of ADEN stock opened at $38.77 on Friday. The company has a market cap of $970.03 million, a P/E ratio of 14.58 and a beta of 1.57. The firm has a fifty day moving average price of $40.81 and a 200 day moving average price of $37.58. ADENTRA has a 12 month low of $25.15 and a 12 month high of $45.25.

Insider Activity at ADENTRA

In other ADENTRA news, Senior Officer Daniel Brian Figgins sold 1,100 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $39.06, for a total transaction of $42,965.12. Company insiders own 10.73% of the company’s stock.

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.