ADENTRA (TSE:ADEN) Given New C$49.00 Price Target at CIBC

ADENTRA (TSE:ADEN) had its target price lowered by CIBC from C$53.00 to C$49.00 in a research note released on Wednesday,BayStreet.CA reports.

ADEN has been the topic of a number of other research reports. Stifel Nicolaus lowered their target price on ADENTRA from C$53.00 to C$50.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Raymond James set a C$60.00 target price on shares of ADENTRA and gave the company a “strong-buy” rating in a report on Friday, December 20th. National Bankshares lifted their price target on shares of ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Finally, Acumen Capital reduced their price objective on shares of ADENTRA from C$56.00 to C$54.00 in a research note on Friday, November 15th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, ADENTRA currently has a consensus rating of “Buy” and a consensus price target of $54.57.

ADENTRA Price Performance

ADEN opened at $35.47 on Wednesday. ADENTRA has a 12 month low of $31.21 and a 12 month high of $45.25. The stock has a market capitalization of $887.46 million, a P/E ratio of 13.33 and a beta of 1.57. The business has a 50 day simple moving average of $38.09 and a 200-day simple moving average of $39.56.

ADENTRA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Monday, January 20th. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14. ADENTRA’s dividend payout ratio (DPR) is 21.05%.

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.