ADENTRA Inc. (TSE:ADEN) Given Consensus Rating of “Buy” by Analysts

Shares of ADENTRA Inc. (TSE:ADEN) have been given a consensus recommendation of “Buy” by the six analysts that are covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation.

Several brokerages have commented on ADEN. 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. Scotiabank dropped 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 note on Tuesday, April 28th. National Bank Financial dropped their price target on ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. TD set a C$42.00 target price on ADENTRA and gave the stock a “buy” rating in a report on Thursday. Finally, ATB Cormark Capital Markets increased their target price on ADENTRA from C$50.00 to C$61.00 and gave the stock an “outperform” rating in a report on Friday, March 13th.

ADENTRA Price Performance

ADEN traded up $0.25 during trading on Thursday, reaching $34.05. 58,522 shares of the stock were exchanged, compared to its average volume of 57,411. The business’s 50 day moving average price is $33.76 and its two-hundred day moving average price is $35.08. The company has a market capitalization of $824.93 million, a price-to-earnings ratio of 12.95 and a beta of 1.74. ADENTRA has a 1 year low of $25.75 and a 1 year high of $41.20.

ADENTRA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 24th were given a dividend of $0.16 per share. The ex-dividend date was Monday, April 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.9%. ADENTRA’s dividend payout ratio (DPR) 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.