ADENTRA (TSE:ADEN – Free Report) had its target price trimmed by CIBC from C$49.00 to C$44.00 in a research note published on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Other analysts have also issued research reports about the company. Raymond James set a C$60.00 price objective on ADENTRA and gave the company a “strong-buy” rating in a research note on Friday, December 20th. Cormark dropped their price objective on ADENTRA from C$55.00 to C$46.00 in a research note on Monday. Finally, National Bankshares dropped their price objective on ADENTRA from C$60.00 to C$53.00 in a research note on Monday. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $48.13.
Check Out Our Latest Analysis on ADEN
ADENTRA Stock Down 2.6 %
ADENTRA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were paid a dividend of $0.15 per share. The ex-dividend date was Monday, January 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14. ADENTRA’s dividend payout ratio (DPR) is 19.10%.
ADENTRA Company Profile
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.
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