ADENTRA (TSE:ADEN) Given New C$36.00 Price Target at Stifel Nicolaus

ADENTRA (TSE:ADEN) had its price objective lowered by Stifel Nicolaus from C$41.00 to C$36.00 in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently commented on the stock. Desjardins set a C$46.00 target price on shares of ADENTRA and gave the stock a “buy” rating in a report on Wednesday. National Bankshares decreased their target price 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. Raymond James set a C$60.00 price target on ADENTRA and gave the stock a “strong-buy” rating in a research report on Friday, December 20th. Cormark lowered their price objective on shares of ADENTRA from C$55.00 to C$46.00 in a research note on Monday, March 17th. Finally, Canaccord Genuity Group cut their target price on shares of ADENTRA from C$50.00 to C$44.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $47.33.

ADENTRA Stock Down 0.1 %

Shares of ADENTRA stock opened at $27.04 on Thursday. ADENTRA has a 12-month low of $25.38 and a 12-month high of $45.25. The stock has a market capitalization of $477.42 million, a P/E ratio of 9.22 and a beta of 1.57. The stock has a 50 day moving average price of $30.02 and a two-hundred day moving average price of $35.50.

ADENTRA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 25th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Monday, April 14th. ADENTRA’s dividend 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.