ADENTRA (TSE:ADEN) Price Target Raised to C$47.00

ADENTRA (TSE:ADEN) had its price objective increased by Desjardins from C$41.00 to C$47.00 in a report issued on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the company. Scotiabank set a C$31.00 price objective on ADENTRA and gave the company a “sector perform” rating in a report on Thursday, June 19th. National Bankshares boosted their target price on ADENTRA from C$41.00 to C$42.50 and gave the stock an “outperform” rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, ADENTRA currently has a consensus rating of “Buy”.

ADENTRA Price Performance

Shares of ADEN opened at $35.11 on Monday. ADENTRA has a 1-year low of $24.60 and a 1-year high of $44.03. The stock has a market cap of $857.00 million, a PE ratio of 19.95 and a beta of 1.33. The firm has a 50-day simple moving average of $33.67 and a two-hundred day simple moving average of $29.65.

ADENTRA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, October 20th. ADENTRA’s dividend payout ratio is currently 23.50%.

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.