ADENTRA (TSE:ADEN) Price Target Raised to C$46.00

ADENTRA (TSE:ADEN) had its price target increased by TD from C$43.00 to C$46.00 in a research report released on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on the stock. Stifel Nicolaus lifted their target price on shares of ADENTRA from C$49.50 to C$51.00 and gave the company a “buy” rating in a report on Friday, April 17th. Scotiabank decreased their price target on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 28th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

ADENTRA Trading Down 0.3%

ADEN stock opened at $39.27 on Thursday. The company has a market capitalization of $951.39 million, a P/E ratio of 14.93 and a beta of 1.59. ADENTRA has a twelve month low of $31.40 and a twelve month high of $41.20. The business has a 50 day simple moving average of $35.68 and a 200-day simple moving average of $35.67.

ADENTRA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.64 annualized dividend and a yield of 1.6%. ADENTRA’s dividend payout ratio is currently 16.79%.

ADENTRA Company Profile

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.