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

Shares of ADENTRA Inc. (TSE:ADEN - Get Free Report) have been given an average recommendation of "Buy" by the eight analysts that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company.

A number of research firms have recently issued reports on ADEN. Scotiabank cut their price objective on ADENTRA from C$49.00 to C$43.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Desjardins set a C$46.00 target price on ADENTRA and gave the stock a "buy" rating in a report on Wednesday, April 16th. Stifel Nicolaus reduced their price objective on 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. National Bankshares decreased their target price on ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Finally, Cormark decreased their price objective on ADENTRA from C$55.00 to C$46.00 in a research note on Monday, March 17th.

ADENTRA Price Performance

ADEN traded up $0.12 during mid-day trading on Thursday, hitting $27.30. The stock had a trading volume of 4,504 shares, compared to its average volume of 64,445. ADENTRA has a 1-year low of $25.38 and a 1-year high of $45.25. The firm has a market capitalization of $482.01 million, a price-to-earnings ratio of 9.31 and a beta of 1.57. The stock's fifty day simple moving average is $29.05 and its 200-day simple moving average is $34.65.

ADENTRA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, April 14th. ADENTRA's dividend payout ratio 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.