ADENTRA (TSE:ADEN) Price Target Cut to C$53.00 by Analysts at National Bankshares

ADENTRA (TSE:ADEN) had its price objective reduced by National Bankshares from C$60.00 to C$53.00 in a report published on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also weighed in on ADEN. Raymond James set a C$60.00 target price on ADENTRA and gave the stock a “strong-buy” rating in a report on Friday, December 20th. CIBC reduced their target price on ADENTRA from C$53.00 to C$49.00 in a report on Wednesday, January 15th. Finally, Cormark reduced their target price on ADENTRA from C$55.00 to C$46.00 in a report on Monday. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $48.13.

ADENTRA Price Performance

Shares of ADENTRA stock opened at $29.00 on Monday. The firm has a market cap of $512.03 million, a price-to-earnings ratio of 9.89 and a beta of 1.57. ADENTRA has a 52-week low of $27.37 and a 52-week high of $45.25. The stock has a 50-day simple moving average of $33.58 and a 200-day simple moving average of $37.54.

ADENTRA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were given 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 dividend on an annualized basis and a dividend yield of 2.07%. ADENTRA’s payout ratio is currently 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.