ADENTRA Inc. (TSE:ADEN) Receives Consensus Recommendation of "Buy" from Analysts

Shares of ADENTRA Inc. (TSE:ADEN - Get Free Report) have earned a consensus recommendation of "Buy" from the seven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of brokerages recently weighed in on ADEN. Scotiabank set a C$31.00 price objective on ADENTRA and gave the company a "sector perform" rating in a research report on Thursday, June 19th. National Bankshares raised their price objective on ADENTRA from C$41.00 to C$42.50 and gave the company an "outperform" rating in a research report on Monday, August 11th. Stifel Nicolaus decreased their price target on ADENTRA from C$51.00 to C$45.00 and set a "buy" rating for the company in a research note on Tuesday, October 7th. Finally, Desjardins increased their price target on ADENTRA from C$41.00 to C$47.00 and gave the company a "buy" rating in a research note on Monday, September 29th.

ADENTRA Price Performance

Shares of ADEN stock opened at $33.70 on Thursday. ADENTRA has a 1-year low of $24.60 and a 1-year high of $44.00. The stock's 50-day moving average is $34.53 and its 200 day moving average is $30.05. The company has a market cap of $822.58 million, a P/E ratio of 19.15 and a beta of 1.25.

ADENTRA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 31st will be paid a $0.15 dividend. The ex-dividend date is Monday, October 20th. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%. ADENTRA's dividend payout ratio (DPR) is 23.50%.

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.

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