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

ADENTRA logo with Industrials background

Shares of ADENTRA Inc. (TSE:ADEN - Get Free Report) have received an average recommendation of "Buy" from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company.

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

Check Out Our Latest Research Report on ADEN

ADENTRA Trading Down 4.0%

Shares of TSE:ADEN traded down $1.26 during mid-day trading on Tuesday, reaching $30.43. The stock had a trading volume of 49,946 shares, compared to its average volume of 68,246. The firm has a market cap of $537.28 million, a PE ratio of 10.38 and a beta of 1.57. The firm has a 50 day simple moving average of $27.09 and a two-hundred day simple moving average of $30.19. ADENTRA has a twelve month low of $24.60 and a twelve month high of $45.25.

ADENTRA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 25th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, July 14th. ADENTRA's dividend payout ratio is currently 19.10%.

ADENTRA Company Profile

(Get Free Report

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.

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Analyst Recommendations for ADENTRA (TSE:ADEN)

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