Scotiabank Has Lowered Expectations for ADENTRA (TSE:ADEN) Stock Price

ADENTRA (TSE:ADEN) had its price target cut by analysts at Scotiabank from C$43.00 to C$33.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock.

Other research analysts have also recently issued reports about the company. National Bankshares decreased their price objective on ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Stifel Nicolaus lowered their price target on ADENTRA from C$41.00 to C$36.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Cormark reduced their price objective on shares of ADENTRA from C$55.00 to C$46.00 in a report on Monday, March 17th. CIBC lowered their target price on shares of ADENTRA from C$44.00 to C$34.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, Desjardins set a C$46.00 price objective on shares of ADENTRA and gave the stock a “buy” rating in a report on Wednesday, April 16th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $45.11.

ADENTRA Trading Down 1.7 %

ADENTRA stock opened at $26.35 on Monday. The stock has a market cap of $465.24 million, a P/E ratio of 8.98 and a beta of 1.57. The company has a 50-day moving average price of $28.31 and a 200 day moving average price of $34.05. ADENTRA has a 12-month low of $25.38 and a 12-month high of $45.25.

About ADENTRA

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.