ADENTRA (TSE:ADEN) Stock Price Up 0.6% – Here’s What Happened

ADENTRA Inc. (TSE:ADEN)’s share price was up 0.6% during trading on Tuesday . The stock traded as high as $33.00 and last traded at $32.71. Approximately 17,745 shares changed hands during trading, a decline of 72% from the average daily volume of 62,738 shares. The stock had previously closed at $32.50.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on ADENTRA from C$51.00 to C$45.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Scotiabank upped their target price on ADENTRA from C$39.00 to C$40.00 in a research report on Friday, October 17th. National Bankshares lifted their price target on ADENTRA from C$42.50 to C$54.50 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Desjardins boosted their price target on ADENTRA from C$41.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, CIBC increased their price objective on ADENTRA from C$41.00 to C$42.00 in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ADENTRA has a consensus rating of “Buy”.

ADENTRA Price Performance

The firm has a market capitalization of $794.49 million, a P/E ratio of 18.59 and a beta of 1.35. The business has a 50 day moving average price of $33.80 and a 200 day moving average price of $31.73.

ADENTRA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, October 20th. ADENTRA’s payout ratio is currently 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.