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

Shares of ADENTRA Inc. (TSE:ADEN) have been assigned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating.

A number of equities research analysts have commented on ADEN shares. National Bank Financial reduced their target price on ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th. TD set a C$42.00 target price on ADENTRA and gave the company a “buy” rating in a research report on Thursday, June 11th. ATB Cormark Capital Markets lifted their target price on ADENTRA from C$50.00 to C$61.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Stifel Nicolaus lifted their target price on ADENTRA from C$49.50 to C$51.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Scotiabank reduced their target price on ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 28th.

ADENTRA Stock Down 2.4%

TSE:ADEN opened at $33.91 on Thursday. ADENTRA has a 52 week low of $25.75 and a 52 week high of $41.20. The company has a market capitalization of $821.54 million, a P/E ratio of 12.89 and a beta of 1.74. The stock’s fifty day moving average is $33.88 and its two-hundred day moving average is $35.15.

ADENTRA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 24th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, April 13th. ADENTRA’s payout ratio is currently 16.79%.

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.