ADENTRA Inc. (TSE:ADEN) Receives Consensus Rating of “Buy” from Brokerages

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

Several research analysts have recently weighed in on ADEN shares. Stifel Nicolaus boosted their price target on ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. TD increased their price objective on ADENTRA from C$42.00 to C$43.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Scotiabank decreased their target price on ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 28th.

ADENTRA Trading Down 2.7%

Shares of ADEN stock opened at $34.31 on Friday. ADENTRA has a 12 month low of $28.95 and a 12 month high of $41.20. The company’s fifty day moving average price is $35.26 and its 200-day moving average price is $35.72. The stock has a market cap of $831.23 million, a PE ratio of 13.05 and a beta of 1.60.

ADENTRA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 31st will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $0.64 annualized dividend and a yield of 1.9%. 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.