ADENTRA (TSE:ADEN) Price Target Cut to C$41.00 by Analysts at Desjardins

ADENTRA (TSE:ADEN) had its price target cut by equities research analysts at Desjardins from C$46.00 to C$41.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

Several other research firms have also recently weighed in on ADEN. Canaccord Genuity Group cut their price objective on ADENTRA from C$50.00 to C$44.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Stifel Nicolaus dropped their target price on shares of ADENTRA from C$41.00 to C$36.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Scotiabank cut their price objective on shares of ADENTRA from C$43.00 to C$33.00 and set an “outperform” rating for the company in a report on Monday, May 5th. National Bankshares cut their target price on ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Finally, CIBC lowered their price objective on shares of ADENTRA from C$44.00 to C$34.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $44.56.

ADENTRA Stock Performance

Shares of TSE:ADEN opened at $24.97 on Thursday. The firm has a market cap of $440.87 million, a PE ratio of 8.51 and a beta of 1.57. ADENTRA has a twelve month low of $24.60 and a twelve month high of $45.25. The business has a fifty day moving average of $27.88 and a 200-day moving average of $33.78.

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.