Desjardins Issues Positive Forecast for ADENTRA (TSE:ADEN) Stock Price

ADENTRA (TSE:ADEN) had its price target raised by Desjardins from C$41.00 to C$47.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

ADEN has been the topic of a number of other research reports. Scotiabank set a C$31.00 target price on ADENTRA and gave the company a “sector perform” rating in a report on Thursday, June 19th. National Bankshares upped their target price on ADENTRA from C$41.00 to C$42.50 and gave the company an “outperform” rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, ADENTRA has an average rating of “Buy”.

ADENTRA Price Performance

Shares of ADEN opened at $35.25 on Monday. The company has a market capitalization of $860.42 million, a price-to-earnings ratio of 20.03 and a beta of 1.33. ADENTRA has a fifty-two week low of $24.60 and a fifty-two week high of $44.03. The business’s 50-day moving average is $33.48 and its 200-day moving average is $29.58.

ADENTRA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. ADENTRA’s payout ratio is 23.50%.

About ADENTRA

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.