ADENTRA (TSE:ADEN) Given New C$55.00 Price Target at Stifel Nicolaus

ADENTRA (TSE:ADEN) had its target price hoisted by Stifel Nicolaus from C$50.00 to C$55.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

ADEN has been the subject of a number of other reports. Scotiabank lifted their price target on ADENTRA from C$51.00 to C$52.50 and gave the stock an outperform rating in a report on Tuesday. Cormark lifted their target price on ADENTRA from C$51.50 to C$56.50 in a research report on Tuesday. National Bankshares lifted their target price on ADENTRA from C$51.50 to C$53.00 and gave the stock an outperform rating in a research report on Thursday, June 13th. Finally, CIBC dropped their price target on ADENTRA from C$52.00 to C$51.00 in a research report on Thursday, July 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of $54.43.

ADENTRA Trading Down 3.6 %

TSE:ADEN opened at $41.44 on Tuesday. The stock has a fifty day moving average price of $35.70 and a 200 day moving average price of $30.26. ADENTRA has a 12-month low of $24.64 and a 12-month high of $45.25.

ADENTRA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 26th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date 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.