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

ADENTRA (TSE:ADEN) had its price target decreased by Stifel Nicolaus from C$51.00 to C$41.00 in a research report report published on Monday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

ADEN has been the topic of several other reports. National Bankshares cut their price objective on ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating on the stock in a research report on Monday. CIBC cut their price objective on ADENTRA from C$49.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Monday. Scotiabank cut their price objective on ADENTRA from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Monday. Cormark cut their price objective on ADENTRA from C$55.00 to C$46.00 in a research report on Monday. Finally, 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 research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $48.13.

ADENTRA Price Performance

TSE ADEN opened at $29.00 on Monday. The stock has a market capitalization of $512.03 million, a PE ratio of 9.89 and a beta of 1.57. ADENTRA has a 1 year low of $27.37 and a 1 year high of $45.25. The business’s 50-day moving average is $33.58 and its 200 day moving average is $37.54.

ADENTRA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were given a $0.15 dividend. This is a boost from ADENTRA’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, January 20th. ADENTRA’s payout ratio is currently 19.10%.

ADENTRA Company Profile

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.