ADENTRA Inc. (TSE:ADEN) Given Consensus Rating of "Buy" by Brokerages

Key Points

• ADENTRA Inc. (TSE:ADEN) has received a consensus rating of "Buy" from seven brokerages, with one hold and one strong buy recommendation included.
• The company recently announced a quarterly dividend of $0.15, resulting in an annualized yield of 1.7%.
• ADENTRA's stock opened at $34.74 and has a market capitalization of $613.38 million, with a P/E ratio of 11.85.

ADENTRA Inc. (TSE:ADEN - Get Free Report) has been assigned an average recommendation of "Buy" from the seven analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company.

ADEN has been the subject of a number of research reports. National Bankshares boosted their price objective on ADENTRA from C$41.00 to C$42.50 and gave the company an "outperform" rating in a research note on Monday, August 11th. Scotiabank set a C$31.00 price objective on ADENTRA and gave the company a "sector perform" rating in a research note on Thursday, June 19th. Finally, Desjardins reduced their price objective on ADENTRA from C$46.00 to C$41.00 and set a "buy" rating for the company in a research note on Thursday, May 8th.

ADENTRA Stock Performance

TSE ADEN traded up $0.15 on Wednesday, reaching $34.37. The stock had a trading volume of 33,767 shares, compared to its average volume of 67,732. ADENTRA has a 12-month low of $24.60 and a 12-month high of $44.03. The business's 50-day moving average price is $31.11 and its 200 day moving average price is $29.25. The stock has a market cap of $838.94 million, a P/E ratio of 19.53 and a beta of 1.30.

ADENTRA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. ADENTRA's dividend payout ratio is presently 23.50%.

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.