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

Shares of ADENTRA Inc. (TSE:ADEN - Get Free Report) have received a consensus rating of "Buy" from the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities research analysts have recently issued reports on ADEN shares. CIBC cut their target price on shares of ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Cormark cut their target price on shares of ADENTRA from C$55.00 to C$46.00 in a research note on Monday, March 17th. Stifel Nicolaus cut 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 research note 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 for the company in a research report on Thursday, May 8th. Finally, National Bankshares lowered their price objective on shares of ADENTRA from C$46.00 to C$41.00 and set an "outperform" rating for the company in a research report on Thursday, June 26th.

ADENTRA Trading Up 6.6%

Shares of ADEN traded up $1.97 during mid-day trading on Tuesday, reaching $31.89. The company had a trading volume of 155,351 shares, compared to its average volume of 68,121. The stock has a market cap of $563.06 million, a price-to-earnings ratio of 10.87 and a beta of 1.57. The firm has a fifty day simple moving average of $27.00 and a 200-day simple moving average of $30.23. ADENTRA has a fifty-two week low of $24.60 and a fifty-two week high of $45.25.

ADENTRA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 25th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Monday, July 14th. ADENTRA's dividend payout ratio is presently 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.