ADENTRA Inc. (ADEN) To Go Ex-Dividend on January 20th

ADENTRA Inc. (TSE:ADEN) declared a quarterly dividend on Monday, January 20th,TickerTech Dividends reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.15 per share on Friday, January 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, January 20th. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14.

ADENTRA Stock Performance

Shares of TSE ADEN opened at $35.58 on Friday. ADENTRA has a 1 year low of $31.21 and a 1 year high of $45.25. The stock’s 50-day simple moving average is $37.94 and its 200-day simple moving average is $39.51. The firm has a market cap of $890.21 million, a price-to-earnings ratio of 13.38 and a beta of 1.57.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADEN. Acumen Capital lowered their price target on ADENTRA from C$56.00 to C$54.00 in a report on Friday, November 15th. Stifel Nicolaus lowered their target price on shares of ADENTRA from C$53.00 to C$50.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Raymond James set a C$60.00 target price on shares of ADENTRA and gave the stock a “strong-buy” rating in a report on Friday, December 20th. National Bankshares lifted their price target on shares of ADENTRA from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Finally, CIBC dropped their price objective on shares of ADENTRA from C$53.00 to C$49.00 in a research note on Wednesday. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $54.57.

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.