ADENTRA Inc. (TSE:ADEN) Receives Consensus Recommendation of "Buy" from Brokerages

ADENTRA Inc. (TSE:ADEN - Get Free Report) has been assigned an average recommendation of "Buy" from the six research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company.

A number of equities research analysts have recently commented on the company. Acumen Capital dropped their target price on ADENTRA from C$56.00 to C$54.00 in a research report on Friday, November 15th. Stifel Nicolaus dropped their price objective on ADENTRA from C$53.00 to C$50.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. National Bankshares upped their target price on ADENTRA from C$57.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Monday, October 7th. Finally, Raymond James set a C$60.00 price target on shares of ADENTRA and gave the company a "strong-buy" rating in a research note on Friday, December 20th.

ADENTRA Stock Up 0.7 %

Shares of TSE:ADEN traded up $0.24 during trading on Tuesday, hitting $34.63. 44,208 shares of the stock traded hands, compared to its average volume of 41,673. The company has a fifty day moving average price of $38.17 and a two-hundred day moving average price of $39.58. ADENTRA has a 52-week low of $31.21 and a 52-week high of $45.25. The company has a market cap of $866.44 million, a price-to-earnings ratio of 13.02 and a beta of 1.57.

ADENTRA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be paid a $0.15 dividend. The ex-dividend date is Monday, January 20th. This is a boost from ADENTRA's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.73%. ADENTRA's payout ratio is presently 21.05%.

About ADENTRA

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.