ADENTRA Inc. (TSE:ADEN) Receives Consensus Rating of “Buy” from Brokerages

ADENTRA Inc. (TSE:ADEN) has received an average rating of “Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company.

ADEN has been the subject of several recent analyst reports. Scotiabank raised their target price on shares of ADENTRA from C$39.00 to C$40.00 in a research note on Friday, October 17th. CIBC raised their price objective on ADENTRA from C$41.00 to C$42.00 in a research report on Tuesday, November 11th. National Bankshares boosted their target price on ADENTRA from C$42.50 to C$54.50 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Raymond James Financial increased their price target on ADENTRA from C$43.00 to C$46.00 in a research note on Tuesday, November 11th. Finally, Stifel Nicolaus dropped their price target on ADENTRA from C$51.00 to C$45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th.

ADENTRA Stock Performance

TSE:ADEN opened at $32.28 on Friday. The company’s 50-day simple moving average is $33.63 and its 200-day simple moving average is $31.98. ADENTRA has a fifty-two week low of $24.60 and a fifty-two week high of $39.54. The stock has a market capitalization of $784.05 million, a P/E ratio of 18.34 and a beta of 1.34.

ADENTRA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 31st were paid 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 1.9%. ADENTRA’s dividend payout ratio (DPR) is 23.93%.

About ADENTRA

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.