ADENTRA (TSE:ADEN) Price Target Cut to C$41.00 by Analysts at National Bankshares

ADENTRA (TSE:ADEN - Free Report) had its price target trimmed by National Bankshares from C$46.00 to C$41.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also issued reports on ADEN. Desjardins dropped their target price on ADENTRA from C$46.00 to C$41.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Canaccord Genuity Group decreased their target price on ADENTRA from C$50.00 to C$44.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Cormark decreased their target price on ADENTRA from C$55.00 to C$46.00 in a research report on Monday, March 17th. Stifel Nicolaus decreased their target price on ADENTRA from C$41.00 to C$36.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, CIBC decreased their target price on ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $43.00.

ADENTRA Stock Performance

TSE ADEN traded up $0.11 during trading on Thursday, hitting $27.83. The stock had a trading volume of 30,799 shares, compared to its average volume of 67,594. ADENTRA has a one year low of $24.60 and a one year high of $45.25. The stock has a 50 day simple moving average of $26.60 and a 200 day simple moving average of $30.61. The stock has a market capitalization of $491.37 million, a price-to-earnings ratio of 9.49 and a beta of 1.57.

ADENTRA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 25th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.16%. ADENTRA's payout ratio is currently 19.10%.

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.