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

Shares of ADENTRA Inc. (TSE:ADEN – Get Free Report) have been assigned an average rating of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating.

Several research firms recently issued reports on ADEN. TD increased their target price on ADENTRA from C$42.00 to C$43.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Scotiabank lowered their price target on ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 28th. Finally, Stifel Nicolaus upped their price target on ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a research note on Friday, April 17th.

Get ADENTRA alerts:

View Our Latest Stock Report on ADENTRA

ADENTRA Stock Down 2.7%

TSE:ADEN opened at $34.31 on Friday. The business’s 50-day simple moving average is $35.26 and its two-hundred day simple moving average is $35.72. The stock has a market cap of $831.23 million, a PE ratio of 13.05 and a beta of 1.60. ADENTRA has a 52 week low of $28.95 and a 52 week high of $41.20.

ADENTRA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, July 20th. ADENTRA’s payout ratio is 16.79%.

About ADENTRA

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than ADENTRA
• Microsoft Just Flipped the AI Spending Narrative Overnight
• Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
• Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
• Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes

Receive News & Ratings for ADENTRA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADENTRA and related companies with MarketBeat.com's FREE daily email newsletter.