ADENTRA (TSE:ADEN) Price Target Cut to C$43.00 by Analysts at Scotiabank

ADENTRA (TSE:ADEN) had its price objective decreased by Scotiabank from C$49.00 to C$43.00 in a research report report published on Monday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other research analysts have also issued reports on the company. National Bankshares lowered their target price on ADENTRA from C$60.00 to C$53.00 in a research report on Monday. Cormark lowered their price objective on ADENTRA from C$55.00 to C$46.00 in a research report on Monday. CIBC lowered their price objective on ADENTRA from C$49.00 to C$44.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Raymond James set a C$60.00 price objective on ADENTRA and gave the stock a “strong-buy” rating in a research report on Friday, December 20th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $48.13.

ADENTRA Stock Down 2.6 %

Shares of TSE:ADEN opened at $27.90 on Monday. The firm has a market cap of $492.61 million, a P/E ratio of 9.51 and a beta of 1.57. ADENTRA has a 12-month low of $27.77 and a 12-month high of $45.25. The business has a fifty day simple moving average of $33.87 and a 200 day simple moving average of $37.70.

ADENTRA Increases Dividend

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

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.