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

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

ADEN has been the subject of a number of research reports. National Bankshares increased their target price on ADENTRA from C$57.00 to C$60.00 and gave the company an "outperform" rating in a research report on Monday, October 7th. Raymond James set a C$60.00 price objective on shares of ADENTRA and gave the stock a "strong-buy" rating in a research note on Friday. Stifel Nicolaus decreased their target price on shares of ADENTRA from C$53.00 to C$50.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Finally, Acumen Capital lowered their price target on shares of ADENTRA from C$56.00 to C$54.00 in a report on Friday, November 15th.

ADENTRA Trading Up 2.7 %

Shares of TSE:ADEN traded up $0.98 during mid-day trading on Friday, reaching $36.64. The stock had a trading volume of 44,214 shares, compared to its average volume of 64,865. The company has a market cap of $916.73 million, a P/E ratio of 13.77 and a beta of 1.57. The business's 50 day moving average price is $39.51 and its 200 day moving average price is $39.21. ADENTRA has a 1 year low of $29.81 and a 1 year high of $45.25.

ADENTRA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 25th were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.56 annualized dividend and a dividend yield of 1.53%. ADENTRA's payout ratio is 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.