ADENTRA Inc. (TSE:ADEN) Given Average Rating of “Buy” by Brokerages

ADENTRA Inc. (TSE:ADEN) has been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company.

A number of research firms recently commented on ADEN. Canaccord Genuity Group decreased their price target on ADENTRA from C$50.00 to C$44.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Cormark lowered their target price on ADENTRA from C$55.00 to C$46.00 in a research note on Monday, March 17th. National Bankshares dropped their target price on shares of ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Desjardins reduced their target price on shares of ADENTRA from C$46.00 to C$41.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, Scotiabank decreased their price target on shares of ADENTRA from C$43.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Monday, May 5th.

ADENTRA Stock Down 1.8%

ADEN stock opened at $25.74 on Monday. The business’s 50-day simple moving average is $27.09 and its 200 day simple moving average is $33.04. The company has a market cap of $454.47 million, a PE ratio of 8.78 and a beta of 1.57. ADENTRA has a twelve month low of $24.60 and a twelve month high of $45.25.

ADENTRA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 25th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Monday, April 14th. ADENTRA’s dividend payout ratio (DPR) is currently 19.10%.

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.