ADENTRA (TSE:ADEN) Price Target Lowered to C$50.00 at Stifel Nicolaus

ADENTRA (TSE:ADEN) had its price target decreased by research analysts at Stifel Nicolaus from C$53.00 to C$50.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

ADEN has been the subject of a number of other reports. Cormark increased their price objective on ADENTRA from C$51.50 to C$56.50 in a report on Tuesday, July 30th. National Bankshares upped their target price on ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Scotiabank increased their price objective on ADENTRA from C$51.00 to C$52.50 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. CIBC upped their price target on shares of ADENTRA from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. Finally, Acumen Capital upped their price target on shares of ADENTRA from C$54.00 to C$56.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, ADENTRA presently has an average rating of “Buy” and a consensus price target of $54.67.

ADENTRA Price Performance

ADEN stock traded down $0.24 on Thursday, reaching $41.90. The company’s stock had a trading volume of 13,650 shares, compared to its average volume of 63,326. ADENTRA has a 52 week low of $24.64 and a 52 week high of $45.25. The company has a market capitalization of $1.05 billion, a P/E ratio of 15.85 and a beta of 1.57. The firm has a fifty day moving average of $41.20 and a two-hundred day moving average of $36.17.

Insider Buying and Selling at ADENTRA

In other ADENTRA news, Senior Officer Daniel Brian Figgins sold 7,800 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $38.76, for a total transaction of $302,328.00. Corporate insiders own 10.73% of the company’s stock.

About ADENTRA

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.