ADENTRA (TSE:ADEN) Given a C$31.00 Price Target by Scotiabank Analysts

Scotiabank set a C$31.00 price objective on ADENTRA (TSE:ADEN) in a research report released on Thursday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other equities analysts also recently weighed in on ADEN. National Bankshares decreased their price target on shares of ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Stifel Nicolaus decreased their price target on shares of ADENTRA from C$41.00 to C$36.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Canaccord Genuity Group decreased their price target on shares of ADENTRA from C$50.00 to C$44.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. CIBC decreased their price target on shares of ADENTRA from C$44.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Finally, Desjardins cut their price objective on shares of ADENTRA from C$46.00 to C$41.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $44.33.

ADENTRA Stock Up 2.2%

ADEN opened at $27.36 on Thursday. The company has a market cap of $483.07 million, a price-to-earnings ratio of 9.33 and a beta of 1.57. ADENTRA has a 52-week low of $24.60 and a 52-week high of $45.25. The firm’s fifty day simple moving average is $26.53 and its two-hundred day simple moving average is $31.01.

ADENTRA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Monday, April 14th. ADENTRA’s payout ratio is currently 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.