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

ADENTRA Inc. (TSE:ADEN) has received a consensus rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy rating.

A number of brokerages have issued reports on ADEN. ATB Cormark Capital Markets upped their target price on shares of ADENTRA from C$50.00 to C$61.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. TD set a C$42.00 target price on shares of ADENTRA and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus raised their price target on ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Scotiabank lowered their price target on ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 28th. Finally, National Bank Financial lowered their price target on ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating for the company in a research report on Friday, March 13th.

ADENTRA Price Performance

Shares of ADEN traded up $0.25 during trading hours on Thursday, hitting $34.05. The company’s stock had a trading volume of 58,522 shares, compared to its average volume of 57,411. ADENTRA has a 52-week low of $25.75 and a 52-week high of $41.20. The company has a market cap of $824.93 million, a price-to-earnings ratio of 12.95 and a beta of 1.74. The business has a 50 day simple moving average of $33.76 and a two-hundred day simple moving average of $35.08.

ADENTRA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 24th were given a $0.16 dividend. The ex-dividend date was Monday, April 13th. This represents a $0.64 dividend on an annualized basis and a yield of 1.9%. ADENTRA’s dividend payout ratio is currently 16.79%.

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.