ADENTRA (TSE:ADEN) Shares Up 0.2% – What’s Next?

ADENTRA Inc. (TSE:ADEN)’s stock price rose 0.2% during mid-day trading on Friday . The company traded as high as $34.62 and last traded at $34.54. Approximately 10,119 shares traded hands during trading, a decline of 83% from the average daily volume of 60,861 shares. The stock had previously closed at $34.47.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ADEN. Raymond James Financial increased their target price on ADENTRA from C$43.00 to C$46.00 in a research note on Tuesday, November 11th. Stifel Nicolaus lowered their price objective on ADENTRA from C$51.00 to C$45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Scotiabank lifted their target price on ADENTRA from C$39.00 to C$40.00 in a report on Friday, October 17th. National Bankshares upped their price target on shares of ADENTRA from C$42.50 to C$54.50 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Finally, Desjardins raised their price target on shares of ADENTRA from C$41.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Five equities research 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 presently has an average rating of “Moderate Buy”.

ADENTRA Price Performance

The company has a market cap of $838.94 million, a P/E ratio of 19.63 and a beta of 1.34. The stock has a 50-day moving average of $33.45 and a 200 day moving average of $32.57.

ADENTRA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, October 20th. ADENTRA’s dividend payout ratio (DPR) is currently 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.