ADENTRA (TSE:ADEN – Free Report) had its price objective reduced by Cormark from C$55.00 to C$46.00 in a report issued on Monday morning,BayStreet.CA reports.
ADEN has been the subject of a number of other research reports. CIBC dropped their price objective on ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday, January 15th. 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 research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ADENTRA presently has an average rating of “Buy” and a consensus price target of $48.13.
Check Out Our Latest Research Report on ADEN
ADENTRA Stock Down 2.6 %
ADENTRA Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, January 20th. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 2.15%. ADENTRA’s payout ratio is 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.
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