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

ADENTRA Inc. (TSE:ADEN) has earned a consensus rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company.

Several equities research analysts have recently commented on the company. Desjardins upped their target price on ADENTRA from C$41.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, September 29th. Scotiabank upped their target price on ADENTRA from C$39.00 to C$40.00 in a report on Friday, October 17th. Stifel Nicolaus reduced their target price on ADENTRA from C$51.00 to C$45.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, National Bankshares upped their target price on ADENTRA from C$41.00 to C$42.50 and gave the company an “outperform” rating in a report on Monday, August 11th.

ADENTRA Stock Up 1.7%

Shares of ADEN stock opened at $34.47 on Thursday. The stock has a 50-day simple moving average of $34.62 and a 200 day simple moving average of $30.27. ADENTRA has a fifty-two week low of $24.60 and a fifty-two week high of $41.49. The stock has a market capitalization of $841.38 million, a P/E ratio of 19.59 and a beta of 1.25.

ADENTRA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, October 20th. ADENTRA’s dividend payout ratio is currently 23.50%.

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.