Shares of ADENTRA Inc. (TSE:ADEN – Get Free Report) have earned an average rating of “Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.
A number of analysts have weighed in on the company. Cormark decreased their price objective on ADENTRA from C$55.00 to C$46.00 in a research report on Monday, March 17th. Desjardins decreased their price objective on ADENTRA from C$46.00 to C$41.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. CIBC decreased their price objective on ADENTRA from C$44.00 to C$34.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus decreased their price objective on ADENTRA from C$41.00 to C$36.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, Scotiabank set a C$31.00 price objective on ADENTRA and gave the stock a “sector perform” rating in a research report on Thursday, June 19th.
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ADENTRA Stock Performance
ADENTRA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 25th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Monday, July 14th. ADENTRA’s dividend payout ratio 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.
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