ADENTRA (TSE:ADEN) Given a C$46.00 Price Target by Desjardins Analysts

Desjardins set a C$46.00 target price on ADENTRA (TSE:ADEN) in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

ADEN has been the topic of a number of other reports. Canaccord Genuity Group lowered their price objective on shares of ADENTRA from C$50.00 to C$44.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Cormark lowered their price target on shares of ADENTRA from C$55.00 to C$46.00 in a report on Monday, March 17th. Stifel Nicolaus dropped their price target on shares of ADENTRA from C$51.00 to C$41.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Scotiabank reduced their price objective on ADENTRA from C$49.00 to C$43.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Finally, National Bankshares lowered their target price on ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $47.89.

ADENTRA Price Performance

Shares of ADEN opened at $27.07 on Wednesday. The company has a 50-day moving average of $30.17 and a two-hundred day moving average of $35.61. The stock has a market cap of $477.95 million, a price-to-earnings ratio of 9.23 and a beta of 1.57. ADENTRA has a one year low of $25.38 and a one year high of $45.25.

ADENTRA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 25th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.22%. The ex-dividend date is Monday, April 14th. ADENTRA’s payout ratio is 19.10%.

ADENTRA Company Profile

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.