ADENTRA (TSE:ADEN) Given New C$41.00 Price Target at National Bankshares

ADENTRA (TSE:ADEN) had its target price trimmed by National Bankshares from C$46.00 to C$41.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also commented on the stock. Cormark reduced their target price on shares of ADENTRA from C$55.00 to C$46.00 in a research report on Monday, March 17th. CIBC reduced their target price on shares of ADENTRA from C$44.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Desjardins reduced their target price on shares of ADENTRA from C$46.00 to C$41.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Canaccord Genuity Group reduced their target price on shares of 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. Finally, Scotiabank set a C$31.00 target price on shares of ADENTRA and gave the stock a “sector perform” rating in a research report on Thursday, June 19th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $43.00.

ADENTRA Price Performance

ADENTRA stock opened at $27.72 on Thursday. ADENTRA has a 1-year low of $24.60 and a 1-year high of $45.25. The firm has a market capitalization of $489.43 million, a P/E ratio of 9.45 and a beta of 1.57. The company’s 50-day moving average is $26.58 and its 200 day moving average is $30.74.

ADENTRA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 25th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.60 annualized dividend and a yield of 2.16%. ADENTRA’s dividend payout ratio (DPR) 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.