ADENTRA (TSE:ADEN) Given a C$46.00 Price Target by Desjardins Analysts

Desjardins set a C$46.00 price target on ADENTRA (TSE:ADEN - Free Report) in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

ADEN has been the topic of a number of other reports. Raymond James set a C$60.00 target price on ADENTRA and gave the stock a "strong-buy" rating in a research note on Friday, December 20th. Cormark reduced their price target on shares of ADENTRA from C$55.00 to C$46.00 in a research report on Monday, March 17th. Stifel Nicolaus decreased their price objective on shares of ADENTRA from C$51.00 to C$41.00 and set a "buy" rating for the company in a report on Monday, March 17th. CIBC reduced their target price on ADENTRA from C$49.00 to C$44.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Finally, National Bankshares reduced their price objective on ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, ADENTRA currently has an average rating of "Buy" and a consensus target price of $47.33.

ADENTRA Stock Down 0.4 %

Shares of TSE:ADEN traded down $0.11 during midday trading on Wednesday, reaching $26.93. The company's stock had a trading volume of 24,735 shares, compared to its average volume of 67,262. The firm has a market capitalization of $475.48 million, a P/E ratio of 9.18 and a beta of 1.57. ADENTRA has a 12-month low of $25.38 and a 12-month high of $45.25. The firm has a 50 day moving average of $29.87 and a 200-day moving average of $35.30.

ADENTRA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 25th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, April 14th. This represents a $0.60 annualized dividend and a yield of 2.23%. ADENTRA's dividend payout ratio (DPR) is 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.