ADENTRA (TSE:ADEN) Given New C$34.00 Price Target at CIBC

ADENTRA (TSE:ADEN) had its target price reduced by CIBC from C$44.00 to C$34.00 in a report issued on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently commented on ADEN. Desjardins set a C$46.00 price target on shares of ADENTRA and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Scotiabank cut their target price on ADENTRA from C$49.00 to C$43.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Canaccord Genuity Group lowered their price target on ADENTRA from C$50.00 to C$44.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. National Bankshares cut their price objective on ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Finally, Cormark lowered their target price on shares of ADENTRA from C$55.00 to C$46.00 in a report on Monday, March 17th. Seven 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, ADENTRA presently has a consensus rating of “Buy” and an average target price of $46.22.

ADENTRA Stock Performance

Shares of ADEN stock opened at $26.65 on Tuesday. The firm has a fifty day moving average of $29.59 and a 200-day moving average of $35.14. The stock has a market cap of $470.54 million, a price-to-earnings ratio of 9.09 and a beta of 1.57. ADENTRA has a 52-week low of $25.38 and a 52-week high of $45.25.

ADENTRA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Monday, April 14th. ADENTRA’s dividend payout ratio is currently 19.10%.

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.