ADENTRA (TSE:ADEN – Free Report) had its target price decreased by National Bankshares from C$60.00 to C$53.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.
ADEN has been the topic of several other research reports. Raymond James set a C$60.00 price objective on ADENTRA and gave the stock a “strong-buy” rating in a report on Friday, December 20th. Cormark decreased their price objective on ADENTRA from C$55.00 to C$46.00 in a report on Monday. Finally, CIBC decreased their price objective on ADENTRA from C$53.00 to C$49.00 in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $48.13.
Read Our Latest Stock Report on ADENTRA
ADENTRA Stock Down 2.6 %
ADENTRA Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a $0.15 dividend. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, January 20th. This represents a $0.60 annualized dividend and a yield of 2.15%. ADENTRA’s payout ratio is currently 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.
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