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

Shares of ADENTRA Inc. (TSE:ADEN) have been assigned an average recommendation of “Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings 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.

Several equities analysts have recently issued reports on the company. National Bankshares lifted their price target 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. Raymond James Financial raised their price objective on ADENTRA from C$43.00 to C$46.00 in a research note on Tuesday, November 11th. Scotiabank boosted their target price on ADENTRA from C$39.00 to C$40.00 in a research note on Friday, October 17th. Desjardins increased their target price on shares of ADENTRA from C$41.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, CIBC raised their price target on shares of ADENTRA from C$41.00 to C$42.00 in a research note on Tuesday, November 11th.

ADENTRA Price Performance

Shares of ADEN opened at $33.04 on Monday. ADENTRA has a one year low of $24.60 and a one year high of $41.49. The company has a market cap of $802.51 million, a P/E ratio of 18.77 and a beta of 1.35. The firm has a 50 day simple moving average of $34.47 and a two-hundred day simple moving average of $31.19.

ADENTRA Dividend Announcement

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