ADENTRA (TSE:ADEN) Given a C$60.00 Price Target at Raymond James

Raymond James set a C$60.00 price objective on ADENTRA (TSE:ADEN) in a report issued on Friday,BayStreet.CA reports. The firm currently has a strong-buy rating on the stock.

Several other equities analysts have also recently commented on the stock. Acumen Capital dropped their target price on shares of ADENTRA from C$56.00 to C$54.00 in a research report on Friday, November 15th. National Bankshares lifted their price target on ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Finally, Stifel Nicolaus reduced their price objective on 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. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $55.14.

ADENTRA Trading Up 2.7 %

Shares of TSE:ADEN opened at $36.64 on Friday. The stock has a market cap of $916.73 million, a PE ratio of 13.77 and a beta of 1.57. The stock’s fifty day simple moving average is $39.51 and its two-hundred day simple moving average is $39.21. ADENTRA has a 1-year low of $29.81 and a 1-year high of $45.25.

ADENTRA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 25th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.53%. The ex-dividend date was Tuesday, October 15th. ADENTRA’s dividend payout ratio (DPR) is currently 21.05%.

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.