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

ADENTRA Inc. (TSE:ADEN) has been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company.

A number of research firms recently weighed in on ADEN. Desjardins raised their price target on shares of ADENTRA from C$41.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Raymond James Financial increased their price objective on shares of ADENTRA from C$43.00 to C$46.00 in a research note on Tuesday. Scotiabank boosted their target price on ADENTRA from C$39.00 to C$40.00 in a research note on Friday, October 17th. CIBC upped their target price on ADENTRA from C$41.00 to C$42.00 in a report on Tuesday. Finally, National Bankshares increased their price target on ADENTRA from C$42.50 to C$54.50 and gave the company an “outperform” rating in a research report on Tuesday, October 28th.

ADENTRA Trading Up 0.5%

Shares of TSE:ADEN opened at $34.37 on Monday. The stock has a market cap of $838.94 million, a PE ratio of 19.53 and a beta of 1.35. The stock’s fifty day simple moving average is $34.57 and its two-hundred day simple moving average is $31.08. ADENTRA has a 1-year low of $24.60 and a 1-year high of $41.49.

ADENTRA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, October 20th. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. ADENTRA’s dividend payout ratio (DPR) is currently 23.50%.

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.