ADENTRA (TSE:ADEN - Free Report) had its price target lowered by CIBC from C$49.00 to C$44.00 in a research note published on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
ADEN has been the subject of several other research reports. Raymond James set a C$60.00 target price on ADENTRA and gave the stock a "strong-buy" rating in a research report on Friday, December 20th. Cormark decreased their target price on ADENTRA from C$55.00 to C$46.00 in a research report on Monday. Finally, National Bankshares decreased their target price on ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating for the company in a research report on Monday. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $48.13.
Read Our Latest Stock Report on ADENTRA
ADENTRA Price Performance
Shares of TSE:ADEN traded down $0.17 on Monday, reaching $28.13. 12,906 shares of the company traded hands, compared to its average volume of 65,403. The stock has a market capitalization of $496.67 million, a PE ratio of 9.59 and a beta of 1.57. The company's 50 day moving average is $33.44 and its 200-day moving average is $37.48. ADENTRA has a fifty-two week low of $27.37 and a fifty-two week high of $45.25.
ADENTRA Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a dividend of $0.15 per share. This is a boost from ADENTRA's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, January 20th. This represents a $0.60 dividend on an annualized basis and a yield of 2.13%. ADENTRA's dividend payout ratio (DPR) is presently 19.10%.
ADENTRA Company Profile
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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.
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