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

ADENTRA (TSE:ADEN) had its target price upped by National Bankshares from C$42.50 to C$54.50 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also commented on ADEN. Scotiabank lifted their price target on shares of ADENTRA from C$39.00 to C$40.00 in a research report on Friday, October 17th. Stifel Nicolaus dropped their target price on shares of ADENTRA from C$51.00 to C$45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Finally, Desjardins boosted their target price on shares of ADENTRA from C$41.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, ADENTRA presently has an average rating of “Buy”.

ADENTRA Stock Up 0.1%

TSE ADEN opened at $34.71 on Tuesday. The stock has a market capitalization of $847.24 million, a PE ratio of 19.72 and a beta of 1.25. The company has a 50 day moving average price of $34.68 and a two-hundred day moving average price of $30.53. ADENTRA has a 12-month low of $24.60 and a 12-month high of $41.49.

ADENTRA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 31st will be paid a $0.15 dividend. The ex-dividend date is Monday, October 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. ADENTRA’s dividend payout ratio is currently 23.50%.

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.