ADENTRA Inc. (TSE:ADEN) Receives Average Rating of "Buy" from Brokerages

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

A number of research analysts recently commented on the stock. CIBC lowered their price target on shares of ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Scotiabank lowered their price target on ADENTRA from C$43.00 to C$33.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. National Bankshares lowered their price target on 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. Stifel Nicolaus lowered their price target on 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. Finally, Cormark lowered their target price on shares of ADENTRA from C$55.00 to C$46.00 in a report on Monday, March 17th.

ADENTRA Price Performance

Shares of TSE ADEN traded up $0.09 during mid-day trading on Friday, hitting $26.67. 73,551 shares of the company's stock traded hands, compared to its average volume of 69,941. ADENTRA has a 1 year low of $24.60 and a 1 year high of $45.25. The company's 50-day moving average is $26.62 and its two-hundred day moving average is $31.34. The company has a market capitalization of $470.89 million, a P/E ratio of 9.09 and a beta of 1.57.

ADENTRA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.25%. ADENTRA's dividend payout ratio (DPR) is 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.