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

Shares of ADENTRA Inc. (TSE:ADEN) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company.

Several research firms have recently weighed in on ADEN. National Bankshares boosted their target price on ADENTRA from C$42.50 to C$54.50 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Desjardins raised their price target on ADENTRA from C$41.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, September 29th. CIBC raised their target price on ADENTRA from C$41.00 to C$42.00 in a research note on Tuesday, November 11th. Raymond James Financial upped their target price on ADENTRA from C$43.00 to C$46.00 in a research note on Tuesday, November 11th. Finally, Scotiabank raised their price target on shares of ADENTRA from C$39.00 to C$40.00 in a research report on Friday, October 17th.

ADENTRA Stock Performance

ADEN stock opened at $34.25 on Tuesday. The company has a market capitalization of $831.90 million, a PE ratio of 19.46 and a beta of 1.34. ADENTRA has a one year low of $24.60 and a one year high of $37.78. The company’s fifty day moving average price is $33.45 and its 200-day moving average price is $32.66.

ADENTRA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, October 20th. ADENTRA’s dividend payout ratio (DPR) is presently 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.