ADENTRA Inc. (TSE:ADEN) Receives Consensus Recommendation of "Buy" from Analysts

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

ADEN has been the subject of several recent analyst reports. Stifel Nicolaus cut 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 report on Thursday, April 17th. Desjardins cut their price objective on shares of ADENTRA from C$46.00 to C$41.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. CIBC cut 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 report on Tuesday, April 22nd. Canaccord Genuity Group cut 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 report on Monday, March 17th. Finally, National Bankshares cut 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 report on Monday, March 17th.

ADENTRA Price Performance

ADEN traded up $0.14 on Monday, hitting $25.53. 41,008 shares of the stock were exchanged, compared to its average volume of 67,633. ADENTRA has a 12 month low of $24.60 and a 12 month high of $45.25. The business has a 50-day moving average of $26.99 and a two-hundred day moving average of $32.82. The firm has a market capitalization of $450.76 million, a price-to-earnings ratio of 8.71 and a beta of 1.57.

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 issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.35%. 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.