ADENTRA (TSE:ADEN) Price Target Raised to C$54.50

ADENTRA (TSE:ADEN) had its price objective boosted by National Bankshares from C$42.50 to C$54.50 in a research report report published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

ADEN has been the subject of a number of other research reports. Desjardins upped their price objective on ADENTRA from C$41.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Stifel Nicolaus cut their price target on ADENTRA from C$51.00 to C$45.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Finally, Scotiabank upped their price target on shares of ADENTRA from C$39.00 to C$40.00 in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

ADENTRA Price Performance

TSE ADEN opened at $34.14 on Tuesday. The business’s fifty day moving average price is $34.68 and its 200-day moving average price is $30.61. The stock has a market capitalization of $833.32 million, a price-to-earnings ratio of 19.40 and a beta of 1.25. ADENTRA has a 1-year low of $24.60 and a 1-year high of $41.49.

ADENTRA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is 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.