Cormark Lowers ADENTRA (TSE:ADEN) Price Target to C$46.00

ADENTRA (TSE:ADEN) had its price target trimmed by Cormark from C$55.00 to C$46.00 in a research note issued to investors on Monday,BayStreet.CA reports.

A number of other equities analysts have also issued reports on the company. Raymond James set a C$60.00 target price on ADENTRA and gave the company a “strong-buy” rating in a research report on Friday, December 20th. CIBC dropped their price target on ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday, January 15th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $48.13.

ADENTRA Stock Down 2.6 %

Shares of ADEN opened at $27.90 on Monday. The business’s 50 day moving average is $33.87 and its two-hundred day moving average is $37.70. ADENTRA has a 52-week low of $27.77 and a 52-week high of $45.25. The firm has a market cap of $492.61 million, a price-to-earnings ratio of 9.51 and a beta of 1.57.

ADENTRA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, January 20th. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 2.15%. ADENTRA’s dividend payout ratio (DPR) is currently 19.10%.

ADENTRA Company Profile

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.