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

ADENTRA Inc. (TSE:ADEN) has earned a consensus rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research analysts have commented on the stock. National Bankshares dropped their price objective on shares of ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Scotiabank dropped their price objective on shares of ADENTRA from C$43.00 to C$33.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Stifel Nicolaus dropped their price objective on shares of ADENTRA from C$41.00 to C$36.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Canaccord Genuity Group dropped their price objective on shares of ADENTRA from C$50.00 to C$44.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Finally, Cormark dropped their price objective on shares of ADENTRA from C$55.00 to C$46.00 in a research note on Monday, March 17th.

ADENTRA Stock Performance

Shares of ADEN opened at $26.42 on Monday. The company’s fifty day moving average is $27.32 and its 200 day moving average is $33.23. ADENTRA has a fifty-two week low of $24.60 and a fifty-two week high of $45.25. The stock has a market capitalization of $466.48 million, a PE ratio of 9.01 and a beta of 1.57.

ADENTRA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 25th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Monday, April 14th. ADENTRA’s dividend payout ratio is currently 19.10%.

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.