ADENTRA Inc. (TSE:ADEN - Get Free Report) has been assigned a consensus rating of "Buy" from the six brokerages that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.
ADEN has been the subject of several analyst reports. Acumen Capital lowered their price objective on ADENTRA from C$56.00 to C$54.00 in a research note on Friday, November 15th. CIBC decreased their price target on ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday, January 15th. Stifel Nicolaus decreased their price target on ADENTRA from C$53.00 to C$50.00 and set a "buy" rating for the company in a research report on Thursday, October 17th. Finally, Raymond James set a C$60.00 price target on ADENTRA and gave the company a "strong-buy" rating in a research report on Friday, December 20th.
Check Out Our Latest Analysis on ADEN
ADENTRA Stock Performance
Shares of ADENTRA stock traded down $0.04 on Friday, hitting $34.61. The company had a trading volume of 41,321 shares, compared to its average volume of 49,155. The stock has a market capitalization of $865.94 million, a price-to-earnings ratio of 13.01 and a beta of 1.57. ADENTRA has a 1 year low of $32.49 and a 1 year high of $45.25. The stock has a 50 day moving average of $36.53 and a 200-day moving average of $39.24.
ADENTRA Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were issued a $0.15 dividend. This is a positive change 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%. The ex-dividend date was Monday, January 20th. ADENTRA's dividend payout ratio (DPR) is presently 21.05%.
ADENTRA Company Profile
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Get Free ReportADENTRA 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.
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