CIBC Lowers ADENTRA (TSE:ADEN) Price Target to C$49.00

ADENTRA (TSE:ADEN) had its target price dropped by stock analysts at CIBC from C$53.00 to C$49.00 in a report released on Wednesday,BayStreet.CA reports.

Several other analysts also recently issued reports on ADEN. National Bankshares boosted their price objective on ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Acumen Capital cut their price target on shares of ADENTRA from C$56.00 to C$54.00 in a report on Friday, November 15th. Raymond James set a C$60.00 price objective on shares of ADENTRA and gave the stock a “strong-buy” rating in a research note on Friday, December 20th. Finally, Stifel Nicolaus cut their target price on shares of ADENTRA from C$53.00 to C$50.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ADENTRA presently has a consensus rating of “Buy” and an average price target of $54.57.

ADENTRA Price Performance

ADEN stock opened at $35.44 on Wednesday. The firm has a market cap of $886.71 million, a PE ratio of 13.32 and a beta of 1.57. ADENTRA has a 12 month low of $31.21 and a 12 month high of $45.25. The firm has a 50 day simple moving average of $38.01 and a 200 day simple moving average of $39.53.

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.