ADENTRA (TSE:ADEN) Given New C$53.00 Price Target at National Bankshares

ADENTRA (TSE:ADENFree Report) had its price target decreased by National Bankshares from C$60.00 to C$53.00 in a research note released on Monday morning,BayStreet.CA reports.

A number of other research firms also recently weighed in on ADEN. CIBC cut their price target on ADENTRA from C$53.00 to C$49.00 in a research note on Wednesday, January 15th. Cormark cut their price target on ADENTRA from C$55.00 to C$46.00 in a research note on Monday. Finally, Raymond James set a C$60.00 price target on ADENTRA and gave the stock a “strong-buy” rating in a research note on Friday, December 20th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ADENTRA has an average rating of “Buy” and an average price target of $48.13.

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ADENTRA Price Performance

ADEN opened at $27.90 on Monday. ADENTRA has a fifty-two week low of $27.77 and a fifty-two week high of $45.25. The business has a 50-day moving average of $33.87 and a 200-day moving average of $37.70. The company has a market capitalization of $492.61 million, a PE ratio of 9.51 and a beta of 1.57.

ADENTRA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from ADENTRA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, January 20th. ADENTRA’s dividend payout ratio (DPR) is presently 19.10%.

ADENTRA Company Profile

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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.

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Analyst Recommendations for ADENTRA (TSE:ADEN)

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