ADENTRA (TSE:ADEN) Price Target Lowered to C$46.00 at Cormark

ADENTRA (TSE:ADEN) had its price target lowered by Cormark from C$55.00 to C$46.00 in a research note published on Monday,BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. CIBC decreased their price target on shares of 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 target on shares of 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $48.13.

ADENTRA Stock Up 4.3 %

Shares of TSE:ADEN opened at $29.00 on Monday. ADENTRA has a 52-week low of $27.37 and a 52-week high of $45.25. The company has a 50 day moving average of $33.58 and a two-hundred day moving average of $37.54. The company has a market capitalization of $512.03 million, a price-to-earnings ratio of 9.89 and a beta of 1.57.

ADENTRA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a dividend of $0.15 per share. The ex-dividend date was Monday, January 20th. This is a boost from ADENTRA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 2.07%. ADENTRA’s dividend payout ratio (DPR) is 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.