ADENTRA (TSE:ADEN – Free Report) had its price target trimmed by Stifel Nicolaus from C$51.00 to C$41.00 in a research note issued to investors on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.
ADEN has been the subject of several other reports. National Bankshares cut their target price on shares of ADENTRA from C$60.00 to C$53.00 in a research report on Monday. Scotiabank cut their target price on shares of ADENTRA from C$49.00 to C$43.00 and set an “outperform” rating for the company in a research report on Monday. CIBC cut their target price on shares of ADENTRA from C$49.00 to C$44.00 and set an “outperform” rating for the company in a research report on Monday. Cormark cut their price target on shares of ADENTRA from C$55.00 to C$46.00 in a research report on Monday. Finally, Raymond James set a C$60.00 price target on shares of ADENTRA and gave the company 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 has a consensus rating of “Buy” and a consensus target price of $48.13.
Read Our Latest Stock Report on ADENTRA
ADENTRA Stock Performance
ADENTRA Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.15%. This is a positive change 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 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.
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