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

ADENTRA Inc. (TSE:ADEN) has been given a consensus recommendation of “Buy” by the six research firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company.

A number of research firms have commented on ADEN. Acumen Capital lowered their target price on shares of ADENTRA from C$56.00 to C$54.00 in a report on Friday, November 15th. National Bankshares lifted their price objective on ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Raymond James set a C$60.00 target price on ADENTRA and gave the company a “strong-buy” rating in a research note on Friday, December 20th. Stifel Nicolaus decreased their target price on ADENTRA from C$53.00 to C$50.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, CIBC cut their price target on shares of ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday, January 15th.

ADENTRA Price Performance

Shares of TSE:ADEN opened at $35.67 on Tuesday. The company has a 50 day moving average of $37.87 and a 200-day moving average of $39.54. ADENTRA has a one year low of $31.21 and a one year high of $45.25. The stock has a market cap of $892.46 million, a price-to-earnings ratio of 13.41 and a beta of 1.57.

ADENTRA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be issued a $0.15 dividend. This is an increase from ADENTRA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, January 20th. ADENTRA’s dividend payout ratio is 21.05%.

ADENTRA Company Profile

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.