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ADENTRA (TSE:ADEN) Price Target Raised to C$42.50 at National Bankshares

ADENTRA logo with Industrials background

Key Points

  • National Bankshares has raised its price target for ADENTRA (TSE:ADEN) from C$41.00 to C$42.50 while maintaining an "outperform" rating on the stock.
  • Other firms have issued varied price targets, with Desjardins lowering their target to C$41.00 and CIBC dropping theirs to C$34.00.
  • ADENTRA's current stock price is $32.71, with analysts providing an average target price of $43.17 and a general rating of "Buy".
  • Looking to export and analyze ADENTRA data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

ADENTRA (TSE:ADEN - Free Report) had its price target hoisted by National Bankshares from C$41.00 to C$42.50 in a research note published on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the company. Stifel Nicolaus reduced their target price on ADENTRA from C$41.00 to C$36.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Scotiabank set a C$31.00 price objective on ADENTRA and gave the company a "sector perform" rating in a report on Thursday, June 19th. Desjardins cut their price objective on ADENTRA from C$46.00 to C$41.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, CIBC cut their price objective on ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ADENTRA currently has an average rating of "Buy" and an average target price of $43.17.

Read Our Latest Research Report on ADENTRA

ADENTRA Trading Down 2.0%

Shares of ADEN traded down $0.68 during trading hours on Monday, hitting $33.94. The company had a trading volume of 79,552 shares, compared to its average volume of 67,798. The company has a market capitalization of $599.25 million, a PE ratio of 11.57 and a beta of 1.57. ADENTRA has a one year low of $24.60 and a one year high of $44.03. The company's fifty day moving average price is $29.27 and its two-hundred day moving average price is $29.29.

ADENTRA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.8%. ADENTRA's dividend payout ratio (DPR) is presently 19.10%.

ADENTRA Company Profile

(Get Free Report)

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.

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Analyst Recommendations for ADENTRA (TSE:ADEN)

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