ADENTRA (TSE:ADEN) Price Target Raised to C$54.00 at Stifel Nicolaus

ADENTRA (TSE:ADEN) had its target price boosted by Stifel Nicolaus from C$48.00 to C$54.00 in a research report report published on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on ADEN. Desjardins lifted their price target on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a report on Friday. Scotiabank cut their target price on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 28th. TD raised their target price on shares of ADENTRA from C$43.00 to C$46.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Acumen Capital boosted their target price on shares of ADENTRA from C$48.00 to C$50.00 in a research note on Friday. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, ADENTRA has an average rating of “Buy”.

ADENTRA Trading Down 0.3%

Shares of TSE ADEN opened at $39.27 on Friday. The company has a market cap of $951.39 million, a price-to-earnings ratio of 14.93 and a beta of 1.59. ADENTRA has a 12 month low of $31.40 and a 12 month high of $41.20. The stock has a 50-day moving average price of $35.68 and a two-hundred day moving average price of $35.67.

ADENTRA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, July 20th. ADENTRA’s dividend payout ratio (DPR) is presently 16.79%.

About ADENTRA

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.