ADENTRA Inc. (TSE:ADEN) Given Average Recommendation of “Buy” by Analysts

Shares of ADENTRA Inc. (TSE:ADEN) have received an average rating of “Buy” from the six research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating.

Several equities analysts have recently commented on ADEN shares. Stifel Nicolaus boosted their target price on shares of ADENTRA from C$49.50 to C$51.00 and gave the company a “buy” rating in a research report on Friday, April 17th. TD set a C$42.00 target price on ADENTRA and gave the company a “buy” rating in a report on Thursday, June 11th. National Bank Financial decreased their price target on ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. ATB Cormark Capital Markets boosted their price target on ADENTRA from C$50.00 to C$61.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Finally, Scotiabank decreased their target price on ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 28th.

ADENTRA Price Performance

Shares of TSE ADEN opened at $34.71 on Monday. The business has a fifty day moving average price of $34.39 and a two-hundred day moving average price of $35.53. The stock has a market capitalization of $840.92 million, a PE ratio of 13.20 and a beta of 1.60. ADENTRA has a fifty-two week low of $28.95 and a fifty-two week high of $41.20.

ADENTRA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $0.64 annualized dividend and a dividend yield of 1.8%. ADENTRA’s payout ratio is 16.79%.

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.