ADENTRA (TSE:ADEN) Price Target Cut to C$41.00 by Analysts at Desjardins

ADENTRA (TSE:ADEN) had its price target trimmed by Desjardins from C$46.00 to C$41.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also weighed in on ADEN. Scotiabank reduced their price objective on shares of ADENTRA from C$43.00 to C$33.00 and set an “outperform” rating for the company in a research note on Monday. National Bankshares cut their price objective on ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. CIBC decreased their target price on ADENTRA from C$44.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Canaccord Genuity Group decreased their target price on 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. Finally, Cormark dropped their price objective on shares of ADENTRA from C$55.00 to C$46.00 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, the stock presently has an average rating of “Buy” and an average target price of $44.56.

ADENTRA Stock Performance

TSE ADEN opened at $24.80 on Thursday. The stock has a market cap of $437.87 million, a P/E ratio of 8.46 and a beta of 1.57. The stock has a 50 day simple moving average of $28.02 and a two-hundred day simple moving average of $33.89. ADENTRA has a fifty-two week low of $24.60 and a fifty-two week high of $45.25.

ADENTRA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 25th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.60 annualized dividend and a yield of 2.42%. 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.