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

ADENTRA Inc. (TSE:ADEN - Get Free Report) has earned a consensus rating of "Buy" from the eight research firms that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities research analysts have issued reports on ADEN shares. Canaccord Genuity Group reduced their target price on shares of ADENTRA from C$50.00 to C$44.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Cormark decreased their target price on ADENTRA from C$55.00 to C$46.00 in a report on Monday, March 17th. National Bankshares lowered their target price on ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Scotiabank reduced their price target on ADENTRA from C$43.00 to C$33.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Finally, Desjardins lowered their price objective on 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.

ADENTRA Stock Down 1.3%

TSE ADEN traded down $0.34 during trading on Friday, hitting $26.58. The stock had a trading volume of 60,845 shares, compared to its average volume of 69,909. The company has a market capitalization of $469.30 million, a PE ratio of 9.06 and a beta of 1.57. The firm has a 50 day moving average price of $26.60 and a 200 day moving average price of $31.67. ADENTRA has a twelve month low of $24.60 and a twelve month high of $45.25.

ADENTRA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 25th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Monday, April 14th. ADENTRA's dividend payout ratio (DPR) is 19.10%.

ADENTRA Company Profile

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.