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

Shares of ADENTRA Inc. (TSE:ADEN) have been given an average rating of “Buy” by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of equities research analysts have recently weighed in on ADEN shares. CIBC dropped their price target on ADENTRA from C$44.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus dropped their target price on shares of ADENTRA from C$41.00 to C$36.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Desjardins cut their price target on shares of ADENTRA from C$46.00 to C$41.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Cormark decreased their price target on shares of ADENTRA from C$55.00 to C$46.00 in a report on Monday, March 17th. Finally, National Bankshares lowered 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.

ADENTRA Price Performance

Shares of TSE:ADEN opened at $26.77 on Friday. The business’s 50-day moving average is $26.53 and its 200 day moving average is $31.17. ADENTRA has a 1 year low of $24.60 and a 1 year high of $45.25. The firm has a market capitalization of $472.66 million, a P/E ratio of 9.13 and a beta of 1.57.

ADENTRA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 25th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Monday, April 14th. ADENTRA’s payout ratio is 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.