Stifel Nicolaus Lowers ADENTRA (TSE:ADEN) Price Target to C$41.00

ADENTRA (TSE:ADEN - Free Report) had its target price cut by Stifel Nicolaus from C$51.00 to C$41.00 in a research report released on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

ADEN has been the subject of several other research reports. National Bankshares dropped their price objective on shares of ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating for the company in a research report on Monday. Scotiabank dropped their target price on shares of ADENTRA from C$49.00 to C$43.00 and set an "outperform" rating for the company in a research report on Monday. Cormark dropped their target price on shares of ADENTRA from C$55.00 to C$46.00 in a research report on Monday. Raymond James set a C$60.00 target price on shares of ADENTRA and gave the company a "strong-buy" rating in a research report on Friday, December 20th. Finally, CIBC lowered their price objective on shares of ADENTRA from C$49.00 to C$44.00 and set an "outperform" rating for the company in a research report on Monday. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $48.13.

ADENTRA Stock Down 0.6 %

ADEN stock traded down $0.17 during trading on Monday, hitting $28.13. The company had a trading volume of 12,906 shares, compared to its average volume of 65,403. The firm has a 50-day moving average price of $33.44 and a 200-day moving average price of $37.48. ADENTRA has a 12 month low of $27.37 and a 12 month high of $45.25. The stock has a market cap of $496.67 million, a price-to-earnings ratio of 9.59 and a beta of 1.57.

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ADENTRA Increases Dividend

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

About ADENTRA

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.