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

Shares of ADENTRA Inc. (TSE:ADEN) have been assigned an average recommendation of “Buy” from the six research firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation.

A number of research firms have weighed in on ADEN. Scotiabank decreased their price target on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 28th. ATB Cormark Capital Markets increased their price objective on shares of ADENTRA from C$50.00 to C$61.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. TD set a C$42.00 price objective on shares of ADENTRA and gave the stock a “buy” rating in a report on Thursday, June 11th. National Bank Financial decreased their target price on shares of ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th. Finally, Stifel Nicolaus upped their target price on shares of ADENTRA from C$49.50 to C$51.00 and gave the company a “buy” rating in a research note on Friday, April 17th.

ADENTRA Stock Performance

ADEN opened at $36.77 on Monday. The stock’s 50 day simple moving average is $34.37 and its 200-day simple moving average is $35.48. The stock has a market cap of $890.83 million, a PE ratio of 13.98 and a beta of 1.60. ADENTRA has a 1 year low of $28.95 and a 1 year high of $41.20.

ADENTRA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 31st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, July 20th. ADENTRA’s payout ratio is presently 16.79%.

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.