ADENTRA Inc. (TSE:ADEN) Given Consensus Recommendation of “Buy” by Analysts

Shares of ADENTRA Inc. (TSE:ADEN) have earned a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company.

Several research analysts have recently weighed in on ADEN shares. Desjardins lowered their target price on ADENTRA from C$46.00 to C$41.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. National Bankshares boosted their target price on ADENTRA from C$41.00 to C$42.50 and gave the stock an “outperform” rating in a report on Monday, August 11th. Finally, Scotiabank set a C$31.00 target price on ADENTRA and gave the stock a “sector perform” rating in a report on Thursday, June 19th.

ADENTRA Price Performance

Shares of ADENTRA stock opened at $34.74 on Wednesday. The stock has a market cap of $613.38 million, a P/E ratio of 11.85 and a beta of 1.57. The stock’s 50 day simple moving average is $30.64 and its 200-day simple moving average is $29.21. ADENTRA has a 1-year low of $24.60 and a 1-year high of $44.03.

ADENTRA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. ADENTRA’s dividend payout ratio is currently 19.10%.

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.