CIBC Lowers ADENTRA (TSE:ADEN) Price Target to C$44.00

ADENTRA (TSE:ADEN) had its price objective reduced by investment analysts at CIBC from C$49.00 to C$44.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock.

A number of other equities analysts also recently commented on the company. Cormark reduced their price objective on ADENTRA from C$55.00 to C$46.00 in a research report on Monday. National Bankshares cut their price objective on shares of ADENTRA from C$60.00 to C$53.00 in a research report on Monday. Finally, Raymond James set a C$60.00 price target on shares of ADENTRA and gave the stock a “strong-buy” rating in a report on Friday, December 20th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, ADENTRA currently has an average rating of “Buy” and an average target price of $48.13.

ADENTRA Price Performance

ADEN stock traded down $0.48 during trading on Monday, hitting $28.16. 147,672 shares of the company traded hands, compared to its average volume of 61,657. ADENTRA has a 1 year low of $27.77 and a 1 year high of $45.25. The company has a market cap of $497.20 million, a PE ratio of 9.60 and a beta of 1.57. The stock’s 50-day simple moving average is $34.05 and its 200 day simple moving average is $37.79.

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.