ADENTRA Inc. (TSE:ADEN) Declares $0.16 Quarterly Dividend

ADENTRA Inc. (TSE:ADEN) declared a quarterly dividend on Monday, July 20th, TickerTech Dividends reports. Stockholders of record on Friday, July 31st will be given a dividend of 0.16 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, July 20th.

ADENTRA Stock Down 1.1%

TSE ADEN opened at $37.90 on Friday. The company’s 50 day moving average is $34.70 and its 200-day moving average is $35.63. ADENTRA has a 12-month low of $28.95 and a 12-month high of $41.20. The firm has a market cap of $918.20 million, a P/E ratio of 14.41 and a beta of 1.60.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ADEN shares. Stifel Nicolaus lifted their price objective on shares of ADENTRA from C$49.50 to C$51.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Scotiabank dropped their target price on ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 28th. Finally, TD raised their price target on ADENTRA from C$42.00 to C$43.00 and gave the stock a “buy” rating in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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.