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

ADENTRA (TSE:ADEN) had its target price hoisted by Desjardins from C$47.00 to C$49.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Scotiabank cut their target price 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. Stifel Nicolaus boosted their price objective on shares of ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, TD upped their price objective on shares of ADENTRA from C$43.00 to C$46.00 and gave the company a “buy” rating in a research report on Thursday. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ADENTRA presently has an average rating of “Buy”.

ADENTRA Stock Down 0.3%

Shares of ADEN stock opened at $39.27 on Friday. ADENTRA has a 12 month low of $31.40 and a 12 month high of $41.20. The firm has a market cap of $951.39 million, a PE ratio of 14.93 and a beta of 1.59. The stock has a 50 day moving average of $35.68 and a 200-day moving average of $35.67.

ADENTRA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.6%. ADENTRA’s dividend 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.