ADENTRA Inc. (TSE:ADEN) Given Consensus Recommendation of "Buy" by Brokerages

Shares of ADENTRA Inc. (TSE:ADEN - Get Free Report) have been assigned a consensus rating of "Buy" from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

Several brokerages recently commented on ADEN. Desjardins set a C$46.00 target price on ADENTRA and gave the company a "buy" rating in a report on Wednesday, April 16th. National Bankshares reduced 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 research note on Monday, March 17th. Cormark decreased their price objective on shares of ADENTRA from C$55.00 to C$46.00 in a research report on Monday, March 17th. CIBC dropped their target price on shares of ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus cut their price target on shares of ADENTRA from C$41.00 to C$36.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th.

ADENTRA Stock Up 0.2 %

Shares of TSE ADEN traded up $0.05 during trading on Thursday, reaching $27.45. The company had a trading volume of 23,450 shares, compared to its average volume of 65,621. The stock has a market cap of $484.66 million, a P/E ratio of 9.36 and a beta of 1.57. The company's fifty day moving average price is $29.18 and its 200-day moving average price is $34.82. ADENTRA has a 12 month low of $25.38 and a 12 month high of $45.25.

ADENTRA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 25th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.19%. ADENTRA's dividend payout ratio is currently 19.10%.

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.