ADENTRA (TSE:ADEN) Price Target Cut to C$44.00 by Analysts at CIBC

ADENTRA (TSE:ADEN) had its target price cut by CIBC from C$49.00 to C$44.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently issued reports on ADEN. Cormark decreased their target price on ADENTRA from C$55.00 to C$46.00 in a research note on Monday. National Bankshares reduced their price objective on ADENTRA from C$60.00 to C$53.00 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $48.13.

ADENTRA Trading Down 2.6 %

TSE:ADEN opened at $27.90 on Monday. ADENTRA has a 1 year low of $27.77 and a 1 year high of $45.25. The stock has a market cap of $492.61 million, a price-to-earnings ratio of 9.51 and a beta of 1.57. The stock has a 50-day moving average price of $33.87 and a two-hundred day moving average price of $37.70.

ADENTRA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.15%. The ex-dividend date was Monday, January 20th. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14. ADENTRA’s dividend payout ratio is presently 19.10%.

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.