Shares of ADENTRA Inc. (TSE:ADEN - Get Free Report) have earned a consensus recommendation of "Buy" from the eight brokerages that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company.
ADEN has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their target price on shares of ADENTRA from C$41.00 to C$36.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Desjardins lowered their price objective on shares of ADENTRA from C$46.00 to C$41.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Scotiabank dropped their target price on shares of ADENTRA from C$43.00 to C$33.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Cormark reduced their price target on ADENTRA from C$55.00 to C$46.00 in a report on Monday, March 17th. Finally, CIBC lowered their price target on ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd.
Read Our Latest Research Report on ADEN
ADENTRA Trading Down 1.4%
Shares of TSE:ADEN traded down $0.35 during trading on Monday, hitting $25.39. 68,601 shares of the company were exchanged, compared to its average volume of 67,904. ADENTRA has a fifty-two week low of $24.60 and a fifty-two week high of $45.25. The stock has a market cap of $448.29 million, a price-to-earnings ratio of 8.66 and a beta of 1.57. The firm has a fifty day moving average price of $27.09 and a two-hundred day moving average price of $33.04.
ADENTRA Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 25th were paid a $0.15 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.36%. ADENTRA's dividend payout ratio (DPR) is currently 19.10%.
About ADENTRA
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Get Free ReportAdentra 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.
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