ADENTRA (TSE:ADEN) Stock Price Up 1.9% - Time to Buy?

Shares of ADENTRA Inc. (TSE:ADEN - Get Free Report) traded up 1.9% on Tuesday . The stock traded as high as $27.43 and last traded at $27.28. 27,691 shares traded hands during trading, a decline of 61% from the average session volume of 70,608 shares. The stock had previously closed at $26.77.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ADEN shares. CIBC cut their price objective on 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 dropped 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. Cormark dropped their price target on ADENTRA from C$55.00 to C$46.00 in a research report on Monday, March 17th. National Bankshares dropped 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. Finally, Desjardins lowered their price objective on ADENTRA from C$46.00 to C$41.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $44.56.

ADENTRA Stock Performance

The firm has a fifty day moving average price of $26.61 and a 200 day moving average price of $31.57. The firm has a market capitalization of $469.30 million, a price-to-earnings ratio of 9.06 and a beta of 1.57.

ADENTRA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 25th were issued 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 yield of 2.26%. ADENTRA's dividend payout ratio is presently 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.