ADENTRA (TSE:ADEN) Hits New 12-Month Low - Here's Why

ADENTRA Inc. (TSE:ADEN - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $25.90 and last traded at $25.98, with a volume of 55420 shares trading hands. The stock had previously closed at $26.61.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ADEN shares. Canaccord Genuity Group cut their price target on shares of ADENTRA from C$50.00 to C$44.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Scotiabank decreased their price target on ADENTRA from C$49.00 to C$43.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. 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. Cormark reduced their target price on shares of ADENTRA from C$55.00 to C$46.00 in a research note on Monday, March 17th. Finally, Stifel Nicolaus dropped their target price on shares of ADENTRA from C$51.00 to C$41.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $48.13.

ADENTRA Stock Performance

The stock has a market cap of $479.89 million, a price-to-earnings ratio of 9.27 and a beta of 1.57. The firm's 50-day simple moving average is $30.63 and its two-hundred day simple moving average is $35.88.

ADENTRA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 25th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.21%. The ex-dividend date is Monday, April 14th. ADENTRA's dividend payout ratio (DPR) is presently 19.10%.

ADENTRA Company Profile

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.