Stifel Nicolaus Cuts ADENTRA (TSE:ADEN) Price Target to C$50.00

ADENTRA (TSE:ADEN - Free Report) had its price target decreased by Stifel Nicolaus from C$53.00 to C$50.00 in a research note published on Thursday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

ADEN has been the topic of a number of other reports. CIBC lifted their price objective on shares of ADENTRA from C$52.00 to C$53.00 and gave the stock an "outperform" rating in a report on Tuesday, August 13th. National Bankshares lifted their price objective on shares of ADENTRA from C$57.00 to C$60.00 and gave the stock an "outperform" rating in a report on Monday, October 7th. Cormark lifted their price objective on shares of ADENTRA from C$51.50 to C$56.50 in a report on Tuesday, July 30th. Acumen Capital lifted their price objective on shares of ADENTRA from C$54.00 to C$56.00 and gave the stock a "buy" rating in a report on Tuesday, July 30th. Finally, Scotiabank boosted their price objective on ADENTRA from C$51.00 to C$52.50 and gave the company an "outperform" rating in a research note on Tuesday, July 30th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $54.67.

ADENTRA Trading Up 0.1 %

TSE ADEN traded up $0.03 during mid-day trading on Thursday, hitting $42.17. The company's stock had a trading volume of 24,559 shares, compared to its average volume of 63,380. The company's 50 day simple moving average is $41.20 and its 200 day simple moving average is $36.17. ADENTRA has a twelve month low of $24.64 and a twelve month high of $45.25. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.85 and a beta of 1.57.

ADENTRA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 25th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, October 15th. ADENTRA's dividend payout ratio is currently 21.05%.

Insiders Place Their Bets

In other ADENTRA news, Senior Officer Daniel Brian Figgins sold 1,100 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $39.06, for a total value of $42,965.12. 10.73% of the stock is owned by insiders.

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.