ADENTRA (TSE:ADEN) Given New C$33.00 Price Target at Scotiabank

ADENTRA (TSE:ADEN) had its price objective lowered by Scotiabank from C$43.00 to C$33.00 in a research note released on Monday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on the company. 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 report on Monday, March 17th. CIBC dropped their target price on ADENTRA from C$44.00 to C$34.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their price target on shares of ADENTRA from C$41.00 to C$36.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. National Bankshares lowered their price objective on shares of ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th. Finally, Cormark decreased their target price on shares of ADENTRA from C$55.00 to C$46.00 in a research note on Monday, March 17th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $45.11.

ADENTRA Trading Down 1.8 %

TSE ADEN opened at $26.81 on Monday. ADENTRA has a 1 year low of $25.38 and a 1 year high of $45.25. The stock’s 50-day moving average price is $28.44 and its two-hundred day moving average price is $34.10. The company has a market cap of $473.36 million, a PE ratio of 9.14 and a beta of 1.57.

ADENTRA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Monday, April 14th. ADENTRA’s payout ratio is 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.