Stifel Nicolaus Cuts ADENTRA (TSE:ADEN) Price Target to C$41.00

ADENTRA (TSE:ADEN) had its price target reduced by Stifel Nicolaus from C$51.00 to C$41.00 in a research report released on Monday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on ADEN. Cormark dropped their price objective on ADENTRA from C$55.00 to C$46.00 in a research note on Monday. CIBC lowered their price target on ADENTRA from C$49.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Monday. Raymond James set a C$60.00 price target on ADENTRA and gave the company a “strong-buy” rating in a research report on Friday, December 20th. National Bankshares lowered their price target on ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Scotiabank lowered their price target on ADENTRA from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Monday. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $48.13.

ADENTRA Stock Performance

TSE:ADEN opened at $29.00 on Monday. The firm has a market capitalization of $512.03 million, a price-to-earnings ratio of 9.89 and a beta of 1.57. ADENTRA has a 52-week low of $27.37 and a 52-week high of $45.25. The stock has a fifty day moving average of $33.58 and a 200 day moving average of $37.54.

ADENTRA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a $0.15 dividend. The ex-dividend date was Monday, January 20th. This is a boost from ADENTRA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 2.07%. ADENTRA’s dividend payout ratio (DPR) is presently 19.10%.

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.