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ADENTRA Inc. (TSE:ADEN) Given Average Rating of "Buy" by Analysts

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Shares of ADENTRA Inc. (TSE:ADEN - Get Free Report) have been assigned an average recommendation of "Buy" from the seven brokerages that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

ADEN has been the subject of several recent research reports. National Bankshares reduced their target price on shares of ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Cormark decreased their price objective on ADENTRA from C$55.00 to C$46.00 in a report on Monday, March 17th. Scotiabank dropped their target price on ADENTRA from C$49.00 to C$43.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Stifel Nicolaus decreased their price target on ADENTRA from C$51.00 to C$41.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Finally, 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.

Read Our Latest Stock Report on ADENTRA

ADENTRA Stock Performance

ADENTRA stock traded down $1.86 during midday trading on Friday, reaching $26.87. The stock had a trading volume of 45,230 shares, compared to its average volume of 65,679. The stock has a market capitalization of $474.42 million, a P/E ratio of 9.16 and a beta of 1.57. The firm's fifty day simple moving average is $32.16 and its 200-day simple moving average is $36.73. ADENTRA has a 1-year low of $26.80 and a 1-year high of $45.25.

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ADENTRA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 25th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Monday, April 14th. ADENTRA's dividend payout ratio is 19.10%.

About ADENTRA

(Get Free Report

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.

Further Reading

Analyst Recommendations for ADENTRA (TSE:ADEN)

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