CIBC Raises ADENTRA (TSE:ADEN) Price Target to C$52.00

ADENTRA (TSE:ADEN) had its target price upped by analysts at CIBC from C$51.00 to C$52.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock.

A number of other equities research analysts have also recently weighed in on ADEN. Cormark lifted their price target on shares of ADENTRA from C$51.50 to C$56.50 in a research report on Tuesday. Acumen Capital lifted their price objective on shares of ADENTRA from C$54.00 to C$56.00 and gave the company a “buy” rating in a report on Tuesday. National Bankshares lifted their price objective on shares of ADENTRA from C$51.50 to C$53.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Scotiabank lifted their price objective on shares of ADENTRA from C$51.00 to C$52.50 and gave the company an “outperform” rating in a report on Tuesday. Finally, Stifel Nicolaus lifted their price target on shares of ADENTRA from C$50.00 to C$55.00 and gave the stock a “buy” rating in a research note on Tuesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $54.43.

ADENTRA Price Performance

ADENTRA stock traded up $3.28 during midday trading on Tuesday, hitting $44.21. 112,624 shares of the stock were exchanged, compared to its average volume of 70,613. ADENTRA has a fifty-two week low of $24.64 and a fifty-two week high of $44.51. The stock’s 50-day simple moving average is $34.48 and its 200 day simple moving average is $29.80.

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.