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

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

ADEN has been the subject of a number of research reports. TD boosted their price target on ADENTRA from C$43.00 to C$46.00 and gave the company a “buy” rating in a report on Thursday. Scotiabank decreased their target price 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, Stifel Nicolaus upped their target price on ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a report on Friday, April 17th.

ADENTRA Price Performance

ADENTRA stock opened at $39.38 on Friday. The stock has a market cap of $954.06 million, a price-to-earnings ratio of 14.97 and a beta of 1.59. The firm has a 50-day moving average of $35.55 and a two-hundred day moving average of $35.65. ADENTRA has a 1 year low of $31.25 and a 1 year high of $41.20.

ADENTRA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, July 20th. ADENTRA’s payout ratio is presently 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.