ADENTRA (TSE:ADEN) Price Target Lowered to C$50.00 at Stifel Nicolaus

ADENTRA (TSE:ADEN) had its price target reduced by Stifel Nicolaus from C$53.00 to C$50.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

ADEN has been the subject of a number of other reports. National Bankshares lifted their target price on shares of ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Cormark lifted their price objective on shares of ADENTRA from C$51.50 to C$56.50 in a research note on Tuesday, July 30th. CIBC lifted their price objective on shares of ADENTRA from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Scotiabank lifted their price objective on shares of ADENTRA from C$51.00 to C$52.50 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Finally, Acumen Capital lifted their price objective on shares of ADENTRA from C$54.00 to C$56.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, ADENTRA currently has a consensus rating of “Buy” and a consensus price target of $54.67.

ADENTRA Stock Down 1.0 %

ADEN stock opened at $41.75 on Thursday. The firm has a 50 day moving average of $41.21 and a 200 day moving average of $36.33. The stock has a market capitalization of $1.04 billion, a PE ratio of 15.70 and a beta of 1.57. ADENTRA has a 52 week low of $24.64 and a 52 week high of $45.25.

ADENTRA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 25th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Tuesday, October 15th. ADENTRA’s dividend payout ratio (DPR) is 21.05%.

Insider Activity

In other news, Senior Officer Daniel Brian Figgins sold 1,100 shares of ADENTRA stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $39.06, for a total transaction of $42,965.12. Insiders own 10.73% of the company’s stock.

About ADENTRA

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.