ADENTRA Inc. (TSE:ADEN) Given Consensus Rating of “Buy” by Analysts

Shares of ADENTRA Inc. (TSE:ADEN) have been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms recently weighed in on ADEN. Raymond James Financial increased their target price on ADENTRA from C$43.00 to C$46.00 in a research report on Tuesday, November 11th. CIBC increased their price objective on shares of ADENTRA from C$41.00 to C$42.00 in a report on Tuesday, November 11th. National Bankshares boosted their target price on shares of ADENTRA from C$42.50 to C$54.50 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Stifel Nicolaus dropped their price target on shares of ADENTRA from C$51.00 to C$45.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Finally, Scotiabank lifted their price target on shares of ADENTRA from C$39.00 to C$40.00 in a report on Friday, October 17th.

ADENTRA Stock Down 2.6%

Shares of ADENTRA stock opened at $33.08 on Friday. ADENTRA has a fifty-two week low of $24.60 and a fifty-two week high of $40.25. The business’s fifty day moving average is $33.74 and its two-hundred day moving average is $31.88. The firm has a market cap of $803.48 million, a PE ratio of 18.80 and a beta of 1.34.

ADENTRA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 31st were issued a $0.15 dividend. The ex-dividend date was Monday, October 20th. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%. ADENTRA’s dividend payout ratio (DPR) is presently 23.93%.

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.