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

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ADENTRA (TSE:ADEN - Free Report) had its target price reduced by Cormark from C$55.00 to C$46.00 in a research report report published on Monday morning,BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. CIBC lowered their price objective on ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday, January 15th. Raymond James set a C$60.00 price objective on ADENTRA and gave the company a "strong-buy" rating in a research report on Friday, December 20th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $48.13.

Get Our Latest Research Report on ADEN

ADENTRA Price Performance

TSE:ADEN traded down $0.17 during trading hours on Monday, reaching $28.13. The company had a trading volume of 12,906 shares, compared to its average volume of 65,403. ADENTRA has a 1-year low of $27.37 and a 1-year high of $45.25. The firm has a market cap of $496.67 million, a PE ratio of 9.59 and a beta of 1.57. The business's 50 day moving average price is $33.44 and its 200-day moving average price is $37.48.

ADENTRA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Monday, January 20th. This is a boost from ADENTRA's previous quarterly dividend of $0.14. ADENTRA's payout ratio is currently 19.10%.

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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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