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

ADENTRA (TSE:ADEN) had its target price lowered by Stifel Nicolaus from C$53.00 to C$50.00 in a research report released on Thursday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

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

ADENTRA Price Performance

Shares of TSE ADEN opened at $41.75 on Thursday. The firm has a fifty day moving average price of $41.21 and a 200-day moving average price of $36.33. The stock has a market cap of $1.04 billion, a PE ratio of 15.70 and a beta of 1.57. ADENTRA has a 1 year low of $24.64 and a 1 year high of $45.25.

ADENTRA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 25th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, October 15th. ADENTRA’s dividend payout ratio is presently 21.05%.

Insider Buying and Selling

In related news, Senior Officer Daniel Brian Figgins sold 7,800 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $38.76, for a total value of $302,328.00. 10.73% of the stock is currently owned by insiders.

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.