ADENTRA (TSE:ADEN) Price Target Cut to C$54.00 by Analysts at Acumen Capital

ADENTRA (TSE:ADEN) had its price target reduced by Acumen Capital from C$56.00 to C$54.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports.

ADEN has been the topic of a number of other research reports. Stifel Nicolaus cut their price target on shares of ADENTRA from C$53.00 to C$50.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. CIBC lifted their price target on shares of ADENTRA from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Scotiabank lifted their price target on shares of ADENTRA from C$51.00 to C$52.50 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Cormark lifted their price objective on shares of ADENTRA from C$51.50 to C$56.50 in a report on Tuesday, July 30th. Finally, National Bankshares lifted their price objective on shares of ADENTRA from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Five analysts have rated the stock with a buy rating, According to MarketBeat, ADENTRA currently has an average rating of “Buy” and an average target price of $54.33.

ADENTRA Price Performance

ADEN traded down $1.64 during trading on Friday, reaching $38.82. The company had a trading volume of 42,977 shares, compared to its average volume of 62,453. ADENTRA has a 12 month low of $25.15 and a 12 month high of $45.25. The business’s fifty day moving average price is $40.80 and its 200 day moving average price is $37.49. The company has a market cap of $971.28 million, a P/E ratio of 14.69 and a beta of 1.57.

Insider Buying and Selling

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

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.