ADENTRA (TSE:ADEN) Given New C$36.00 Price Target at Stifel Nicolaus

ADENTRA (TSE:ADEN) had its price objective reduced by Stifel Nicolaus from C$41.00 to C$36.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

ADEN has been the subject of several other research reports. Cormark reduced their target price on shares of ADENTRA from C$55.00 to C$46.00 in a research note on Monday, March 17th. Scotiabank decreased their price objective on shares of ADENTRA from C$49.00 to C$43.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Desjardins set a C$46.00 target price on ADENTRA and gave the stock a “buy” rating in a research note on Wednesday. National Bankshares reduced their target price on ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Finally, CIBC dropped their price target on ADENTRA from C$49.00 to C$44.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $47.33.

ADENTRA Stock Down 0.1 %

ADEN stock opened at $27.04 on Thursday. The stock’s 50 day moving average is $29.87 and its 200-day moving average is $35.35. ADENTRA has a twelve month low of $25.38 and a twelve month high of $45.25. The firm has a market capitalization of $477.42 million, a PE ratio of 9.22 and a beta of 1.57.

ADENTRA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 25th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, April 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.22%. ADENTRA’s dividend payout ratio is presently 19.10%.

ADENTRA Company Profile

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.