ADENTRA (TSE:ADEN) Sets New 52-Week High – Should You Buy?

ADENTRA Inc. (TSE:ADEN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $36.90 and last traded at $36.90, with a volume of 11730 shares. The stock had previously closed at $36.00.

Analyst Ratings Changes

Several brokerages recently commented on ADEN. Stifel Nicolaus dropped their target price on shares of ADENTRA from C$51.00 to C$45.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Raymond James Financial lifted their price objective on ADENTRA from C$43.00 to C$46.00 in a research note on Tuesday, November 11th. Desjardins increased their target price 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. Scotiabank lifted their price target on ADENTRA from C$39.00 to C$40.00 in a research report on Friday, October 17th. Finally, National Bankshares increased their price objective 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. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

ADENTRA Trading Up 5.5%

The firm has a fifty day simple moving average of $33.44 and a 200 day simple moving average of $33.14. The stock has a market cap of $919.52 million, a price-to-earnings ratio of 21.57 and a beta of 1.61.

ADENTRA Announces Dividend

The company 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, October 20th. ADENTRA’s dividend payout ratio is presently 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.