ADENTRA (TSE:ADEN) Price Target Raised to C$50.00 at Acumen Capital

ADENTRA (TSE:ADEN) had its price objective boosted by Acumen Capital from C$48.00 to C$50.00 in a research note published on Friday,BayStreet.CA reports.

A number of other analysts have also commented on ADEN. Scotiabank cut 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. TD increased 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. Desjardins lifted their target price on ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus boosted their target price on ADENTRA from C$49.50 to C$51.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ADENTRA has an average rating of “Buy”.

ADENTRA Trading Down 0.3%

Shares of TSE ADEN opened at $39.27 on Friday. The company has a fifty day moving average price of $35.68 and a 200 day moving average price of $35.67. The firm has a market cap of $951.39 million, a PE ratio of 14.93 and a beta of 1.59. ADENTRA has a 1-year low of $31.40 and a 1-year high of $41.20.

ADENTRA Announces Dividend

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