ADENTRA Inc. (TSE:ADEN – Get Free Report) fell 5% during trading on Thursday . The stock traded as low as $36.40 and last traded at $36.70. Approximately 51,906 shares were traded during trading, a decline of 9% from the average session volume of 56,862 shares. The stock had previously closed at $38.65.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Scotiabank lowered their price objective on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 28th. TD set a C$42.00 target price on shares of ADENTRA and gave the company a “buy” rating in a research report on Thursday, June 11th. National Bank Financial reduced their target price on shares of ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating for the company in a report on Friday, March 13th. Stifel Nicolaus increased their price target on shares of ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, ATB Cormark Capital Markets lifted their price target on shares of ADENTRA from C$50.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on ADENTRA
ADENTRA Stock Down 5.0%
ADENTRA Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, July 20th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.7%. ADENTRA’s payout ratio is 16.79%.
ADENTRA Company Profile
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.
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