Stifel Nicolaus Has Lowered Expectations for ADENTRA (TSE:ADEN) Stock Price

ADENTRA (TSE:ADEN) had its price target decreased by Stifel Nicolaus from C$51.00 to C$41.00 in a research report report published on Monday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the company. CIBC cut their target price on ADENTRA from C$49.00 to C$44.00 and set an “outperform” rating on the stock in a research note on Monday. Cormark lowered their price objective on shares of ADENTRA from C$55.00 to C$46.00 in a report on Monday. Scotiabank lowered their price objective on shares of ADENTRA from C$49.00 to C$43.00 and set an “outperform” rating for the company in a report on Monday. National Bankshares lowered their price objective on shares of ADENTRA from C$60.00 to C$53.00 in a report on Monday. Finally, Raymond James set a C$60.00 price objective on shares of ADENTRA and gave the stock a “strong-buy” rating in a report on Friday, December 20th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ADENTRA currently has an average rating of “Buy” and a consensus target price of $48.13.

ADENTRA Price Performance

TSE ADEN opened at $27.90 on Monday. The stock has a market capitalization of $492.61 million, a PE ratio of 9.51 and a beta of 1.57. ADENTRA has a 1 year low of $27.77 and a 1 year high of $45.25. The business’s 50-day moving average is $33.87 and its 200 day moving average is $37.70.

ADENTRA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.15%. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, January 20th. ADENTRA’s dividend payout ratio (DPR) is presently 19.10%.

About ADENTRA

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.