ADENTRA (TSE:ADEN) Trading 0.2% Higher – Time to Buy?

ADENTRA Inc. (TSE:ADEN)’s share price traded up 0.2% during mid-day trading on Friday . The company traded as high as $34.62 and last traded at $34.54. 10,119 shares traded hands during trading, a decline of 83% from the average session volume of 60,861 shares. The stock had previously closed at $34.47.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Desjardins upped their price target on shares of ADENTRA from C$41.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, September 29th. CIBC lifted their price target on ADENTRA from C$41.00 to C$42.00 in a research note on Tuesday, November 11th. Scotiabank boosted their price target on ADENTRA from C$39.00 to C$40.00 in a report on Friday, October 17th. National Bankshares raised their price objective on ADENTRA from C$42.50 to C$54.50 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Finally, Stifel Nicolaus dropped their target price on shares of ADENTRA from C$51.00 to C$45.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

ADENTRA Stock Performance

The company has a fifty day moving average of $33.45 and a two-hundred day moving average of $32.53. The company has a market cap of $838.94 million, a price-to-earnings ratio of 19.63 and a beta of 1.34.

ADENTRA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 31st were given a dividend of $0.15 per share. The ex-dividend date was Monday, October 20th. This represents a $0.60 annualized dividend and a yield of 1.7%. ADENTRA’s dividend payout ratio (DPR) is currently 23.93%.

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.