ADENTRA Inc. (TSE:ADEN) Announces $0.15 Quarterly Dividend

ADENTRA Inc. (TSE:ADEN - Get Free Report) announced a quarterly dividend on Monday, April 14th, TickerTech Dividends reports. Shareholders of record on Friday, April 25th will be given a dividend of 0.15 per share on Friday, April 25th. This represents a $0.60 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Monday, April 14th.

ADENTRA Trading Down 0.1 %

ADENTRA stock traded down $0.03 during midday trading on Thursday, reaching $27.04. The stock had a trading volume of 42,771 shares, compared to its average volume of 67,829. The company has a fifty day moving average price of $30.17 and a two-hundred day moving average price of $35.61. ADENTRA has a 12 month low of $25.38 and a 12 month high of $45.25. The company has a market capitalization of $477.42 million, a P/E ratio of 9.22 and a beta of 1.57.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Canaccord Genuity Group decreased their price objective on ADENTRA from C$50.00 to C$44.00 and set a "buy" rating for the company in a report on Monday, March 17th. Scotiabank reduced their price target on shares of ADENTRA from C$49.00 to C$43.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. National Bankshares lowered their price objective on shares of ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Desjardins set a C$46.00 price objective on shares of ADENTRA and gave the company a "buy" rating in a report on Wednesday. Finally, Cormark lowered their target price on shares of ADENTRA from C$55.00 to C$46.00 in a report on Monday, March 17th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $47.33.

About ADENTRA

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.