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

ADENTRA Inc. (TSE:ADEN) has earned an average recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

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

ADENTRA Price Performance

Shares of TSE:ADEN opened at $35.67 on Tuesday. The stock has a market capitalization of $892.46 million, a P/E ratio of 13.41 and a beta of 1.57. The business has a 50-day moving average of $37.87 and a two-hundred day moving average of $39.54. ADENTRA has a fifty-two week low of $31.21 and a fifty-two week high of $45.25.

ADENTRA Increases Dividend

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