ADENTRA Inc. (TSE:ADEN) Given Consensus Rating of “Buy” by Brokerages

Shares of ADENTRA Inc. (TSE:ADEN) have received a consensus rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

A number of analysts have weighed in on the stock. CIBC reduced their price objective on shares of ADENTRA from C$44.00 to C$34.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Desjardins reduced their price objective on shares of ADENTRA from C$46.00 to C$41.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. National Bankshares reduced their price objective on shares of ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Cormark reduced their price objective on shares of ADENTRA from C$55.00 to C$46.00 in a research note on Monday, March 17th. Finally, Canaccord Genuity Group dropped their price target on shares of ADENTRA from C$50.00 to C$44.00 and set a “buy” rating on the stock in a report on Monday, March 17th.

ADENTRA Price Performance

Shares of ADENTRA stock opened at $26.42 on Monday. The company has a 50-day moving average of $27.32 and a 200 day moving average of $33.23. The firm has a market cap of $466.48 million, a price-to-earnings ratio of 9.01 and a beta of 1.57. ADENTRA has a 1 year low of $24.60 and a 1 year high of $45.25.

ADENTRA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Monday, April 14th. ADENTRA’s payout ratio is currently 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.