ADENTRA Inc. (TSE:ADEN) Receives Average Rating of “Buy” from Analysts

Shares of ADENTRA Inc. (TSE:ADEN) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company.

Several brokerages have commented on ADEN. Canaccord Genuity Group decreased their target price on shares of ADENTRA from C$50.00 to C$44.00 and set a “buy” rating for the company in a report on Monday, March 17th. Cormark lowered their price objective on shares of ADENTRA from C$55.00 to C$46.00 in a research report on Monday, March 17th. National Bankshares reduced their target price on ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Scotiabank lowered their price target on ADENTRA from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Finally, CIBC reduced their price objective on ADENTRA from C$49.00 to C$44.00 and set an “outperform” rating for the company in a research note on Monday, March 17th.

ADENTRA Price Performance

ADEN stock opened at $27.63 on Friday. The firm has a market cap of $487.84 million, a PE ratio of 9.42 and a beta of 1.57. ADENTRA has a 12 month low of $27.37 and a 12 month high of $45.25. The firm has a 50 day simple moving average of $32.63 and a 200 day simple moving average of $36.98.

ADENTRA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a $0.15 dividend. The ex-dividend date was Monday, January 20th. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 2.17%. ADENTRA’s dividend payout ratio (DPR) is presently 19.10%.

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.