ADENTRA (TSE:ADEN) Price Target Raised to C$56.00

ADENTRA (TSE:ADEN) had its price objective hoisted by Acumen Capital from C$54.00 to C$56.00 in a report issued on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts have also recently weighed in on ADEN. Stifel Nicolaus lifted their price target on shares of ADENTRA from C$50.00 to C$55.00 and gave the company a buy rating in a report on Tuesday. Scotiabank lifted their price target on shares of ADENTRA from C$51.00 to C$52.50 and gave the company an outperform rating in a report on Tuesday. Cormark raised their price objective on ADENTRA from C$51.50 to C$56.50 in a research report on Tuesday. National Bankshares raised their price objective on ADENTRA from C$51.50 to C$53.00 and gave the company an outperform rating in a research report on Thursday, June 13th. Finally, CIBC lowered their price objective on ADENTRA from C$52.00 to C$51.00 in a research report on Thursday, July 18th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of Buy and an average target price of $54.43.

ADENTRA Trading Down 3.6 %

TSE:ADEN opened at $41.44 on Tuesday. The firm’s fifty day simple moving average is $35.70 and its 200 day simple moving average is $30.26. ADENTRA has a twelve month low of $24.64 and a twelve month high of $45.25.

ADENTRA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 26th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Monday, July 15th. ADENTRA’s dividend payout ratio is presently 19.67%.

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.