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

ADENTRA Inc. (TSE:ADEN) has earned an average rating of “Buy” from the seven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

ADEN has been the topic of several analyst reports. Scotiabank set a C$31.00 price target on shares of ADENTRA and gave the company a “sector perform” rating in a research report on Thursday, June 19th. National Bankshares dropped their target price on shares of ADENTRA from C$46.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Thursday, June 26th. Stifel Nicolaus dropped their target price on shares of ADENTRA from C$41.00 to C$36.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Desjardins dropped 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, CIBC dropped their target price on shares of ADENTRA from C$44.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd.

ADENTRA Price Performance

TSE:ADEN opened at $29.44 on Friday. The firm has a market capitalization of $519.80 million, a P/E ratio of 10.04 and a beta of 1.57. ADENTRA has a 1-year low of $24.60 and a 1-year high of $44.08. The company’s fifty day moving average price is $28.46 and its 200-day moving average price is $29.39.

ADENTRA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 25th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, July 14th. ADENTRA’s dividend payout ratio is presently 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.