ADENTRA Inc. (TSE:ADEN – Get Free Report) declared a quarterly dividend on Monday, April 14th, TickerTech Dividends reports. Investors of record on Friday, April 25th will be paid a dividend of 0.15 per share on Friday, April 25th. This represents a $0.60 annualized dividend and a yield of 2.21%. The ex-dividend date is Monday, April 14th.
ADENTRA Stock Performance
ADENTRA stock opened at $27.18 on Friday. The stock has a market cap of $479.89 million, a PE ratio of 9.27 and a beta of 1.57. The firm’s 50-day simple moving average is $30.63 and its 200 day simple moving average is $35.88. ADENTRA has a fifty-two week low of $25.38 and a fifty-two week high of $45.25.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ADEN. Stifel Nicolaus reduced their price objective on ADENTRA from C$51.00 to C$41.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Cormark lowered their target price on ADENTRA from C$55.00 to C$46.00 in a research note on Monday, March 17th. Scotiabank decreased their price objective on ADENTRA from C$49.00 to C$43.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Raymond James set a C$60.00 price objective on shares of ADENTRA and gave the stock a “strong-buy” rating in a report on Friday, December 20th. Finally, Canaccord Genuity Group cut their target price on ADENTRA from C$50.00 to C$44.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $48.13.
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.
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