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

Key Points

• ADENTRA Inc. has received a consensus recommendation of "Buy" from seven analysts, with five recommending buy and one a strong buy.
• The company's stock is currently priced at $29.44 per share, with a market capitalization of $519.80 million and a PE ratio of 10.04.
• ADENTRA recently announced a $0.15 quarterly dividend, equating to an annualized dividend of $0.60 and a yield of 2.0% with a payout ratio of 19.10%.

ADENTRA Inc. (TSE:ADEN - Get Free Report) has been given an average rating of "Buy" by the seven research firms that are currently covering the stock, MarketBeat Ratings 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 analyst reports. Scotiabank set a C$31.00 price objective on shares of ADENTRA and gave the stock a "sector perform" rating in a research note on Thursday, June 19th. CIBC lowered their price objective on shares of ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus cut their price objective on shares of ADENTRA from C$41.00 to C$36.00 and set a "buy" rating on the stock in a research report 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 dropped their target price on shares of ADENTRA from C$46.00 to C$41.00 and set an "outperform" rating on the stock in a report on Thursday, June 26th.

ADENTRA Stock Up 0.4%

Shares of ADENTRA stock traded up $0.13 during trading on Friday, reaching $29.37. The company's stock had a trading volume of 12,976 shares, compared to its average volume of 65,518. ADENTRA has a 52-week low of $24.60 and a 52-week high of $44.08. The company has a market cap of $518.56 million, a price-to-earnings ratio of 10.01 and a beta of 1.57. The firm's 50-day moving average is $28.52 and its two-hundred day moving average is $29.39.

ADENTRA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 14th. This represents a $0.60 annualized dividend and a yield of 2.0%. ADENTRA's payout ratio 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.