ADENTRA (TSE:ADEN) Price Target Raised to C$49.00

ADENTRA (TSE:ADEN) had its price objective raised by Scotia from C$47.00 to C$49.00 in a report issued on Monday morning,BayStreet.CA reports. Scotia currently has a sector outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Acumen Capital lifted their price target on shares of ADENTRA from C$48.00 to C$50.00 in a research report on Friday, August 7th. Scotiabank lowered their price target on ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 28th. Stifel Nicolaus raised their price objective on ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a research note on Friday, August 7th. TD lifted their price objective on ADENTRA from C$43.00 to C$46.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Desjardins boosted their target price on ADENTRA from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

ADENTRA Stock Down 2.5%

Shares of TSE ADEN opened at $38.53 on Monday. The stock has a market capitalization of $933.47 million, a price-to-earnings ratio of 14.65 and a beta of 1.59. ADENTRA has a 52 week low of $31.40 and a 52 week high of $41.20. The firm has a 50-day moving average price of $36.02 and a 200 day moving average price of $35.65.

ADENTRA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were given a dividend of $0.16 per share. The ex-dividend date was Monday, July 20th. This represents a $0.64 dividend on an annualized basis and a yield of 1.7%. ADENTRA’s payout ratio is presently 16.79%.

About ADENTRA

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.