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

ADENTRA Inc. (TSE:ADEN) has been given an average recommendation of “Buy” by the seven ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company.

ADEN has been the subject of several research analyst reports. Stifel Nicolaus decreased their price target on shares of ADENTRA from C$51.00 to C$45.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. National Bankshares raised their target price on ADENTRA from C$42.50 to C$54.50 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. CIBC upped their price target on ADENTRA from C$41.00 to C$42.00 in a research note on Tuesday, November 11th. Raymond James Financial increased their price target on ADENTRA from C$43.00 to C$46.00 in a report on Tuesday, November 11th. Finally, Scotiabank boosted their price objective on ADENTRA from C$39.00 to C$40.00 in a report on Friday, October 17th.

ADENTRA Stock Up 3.0%

Shares of ADEN stock opened at $33.95 on Friday. The firm has a 50 day moving average of $33.77 and a 200-day moving average of $31.75. The company has a market cap of $824.61 million, a price-to-earnings ratio of 19.29 and a beta of 1.35. ADENTRA has a 52 week low of $24.60 and a 52 week high of $40.99.

ADENTRA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, October 20th. ADENTRA’s payout ratio is 23.93%.

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.