ADENTRA (TSE:ADEN) Price Target Raised to C$42.00

ADENTRA (TSE:ADEN) had its target price increased by CIBC from C$41.00 to C$42.00 in a report published on Tuesday morning,BayStreet.CA reports.

Several other brokerages have also recently weighed in on ADEN. Stifel Nicolaus lowered their price target on shares of ADENTRA from C$51.00 to C$45.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. National Bankshares boosted their price objective on shares of ADENTRA from C$42.50 to C$54.50 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Scotiabank increased their target price on ADENTRA from C$39.00 to C$40.00 in a research report on Friday, October 17th. Raymond James Financial lifted their price target on ADENTRA from C$43.00 to C$46.00 in a report on Tuesday. Finally, Desjardins boosted their price target on ADENTRA from C$41.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

ADENTRA Price Performance

TSE:ADEN opened at $33.46 on Tuesday. ADENTRA has a 1-year low of $24.60 and a 1-year high of $41.49. The company has a 50-day moving average of $34.54 and a 200 day moving average of $31.10. The firm has a market cap of $816.73 million, a PE ratio of 19.01 and a beta of 1.35.

ADENTRA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, October 20th. ADENTRA’s payout ratio is currently 23.50%.

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.