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

Shares of ADENTRA Inc. (TSE:ADEN) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

Several equities analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of ADENTRA from C$51.00 to C$49.50 and set a “buy” rating for the company in a research report on Friday, March 13th. National Bank Financial decreased their price target on shares of ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. Scotiabank upped their price target on shares of ADENTRA from C$41.00 to C$46.00 in a research report on Thursday, January 29th. Finally, ATB Cormark Capital Markets upped their price objective on shares of ADENTRA from C$50.00 to C$61.00 and gave the company an “outperform” rating in a research note on Friday, March 13th.

ADENTRA Stock Performance

Shares of TSE ADEN opened at $33.18 on Thursday. ADENTRA has a 52-week low of $24.60 and a 52-week high of $41.20. The firm has a 50 day moving average price of $36.45 and a two-hundred day moving average price of $35.12. The stock has a market cap of $804.45 million, a P/E ratio of 12.24 and a beta of 1.39.

ADENTRA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 24th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, April 13th. ADENTRA’s dividend payout ratio is currently 15.78%.

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.