ADENTRA Inc. (TSE:ADEN) Given Consensus Rating of “Buy” by Analysts

Shares of ADENTRA Inc. (TSE:ADEN) have been assigned a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of analysts have recently weighed in on ADEN shares. National Bankshares reduced their price objective on shares of ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Scotiabank reduced their price objective on shares of ADENTRA from C$43.00 to C$33.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. CIBC reduced their price objective on shares of ADENTRA from C$44.00 to C$34.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Canaccord Genuity Group reduced their price objective 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. Finally, Stifel Nicolaus reduced their price objective on shares of ADENTRA from C$41.00 to C$36.00 and set a “buy” rating for the company in a research note on Thursday, April 17th.

ADENTRA Trading Down 1.3%

Shares of ADENTRA stock opened at $26.58 on Friday. The firm has a fifty day simple moving average of $26.61 and a 200-day simple moving average of $31.44. ADENTRA has a 1-year low of $24.60 and a 1-year high of $45.25. The stock has a market capitalization of $469.30 million, a price-to-earnings ratio of 9.06 and a beta of 1.57.

ADENTRA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 25th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Monday, April 14th. ADENTRA’s dividend payout ratio (DPR) is currently 19.10%.

About ADENTRA

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.