ADENTRA Inc. (TSE:ADEN) Receives Average Recommendation of “Buy” from Brokerages

ADENTRA Inc. (TSE:ADEN) has been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating.

ADEN has been the subject of a number of research analyst reports. Scotiabank dropped their target price on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 28th. ATB Cormark Capital Markets raised their price target on shares of ADENTRA from C$50.00 to C$61.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Stifel Nicolaus boosted their price objective 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. TD set a C$42.00 price objective on ADENTRA and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, National Bank Financial decreased their price objective on ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th.

ADENTRA Price Performance

ADEN stock opened at $36.77 on Monday. ADENTRA has a fifty-two week low of $28.95 and a fifty-two week high of $41.20. The stock has a market capitalization of $890.83 million, a price-to-earnings ratio of 13.98 and a beta of 1.60. The business has a fifty day moving average price of $34.37 and a 200 day moving average price of $35.48.

ADENTRA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, July 20th. ADENTRA’s dividend 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.