ADENTRA Inc. (TSE:ADEN - Get Free Report) rose 1.9% during mid-day trading on Tuesday . The stock traded as high as $27.43 and last traded at $27.28. Approximately 27,691 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 70,608 shares. The stock had previously closed at $26.77.
Wall Street Analysts Forecast Growth
ADEN has been the subject of several research analyst reports. Canaccord Genuity Group dropped their price objective on ADENTRA from C$50.00 to C$44.00 and set a "buy" rating for the company in a research note on Monday, March 17th. CIBC decreased their price objective on ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Desjardins cut their target price on ADENTRA from C$46.00 to C$41.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Cormark decreased their price target on shares of ADENTRA from C$55.00 to C$46.00 in a research note on Monday, March 17th. Finally, National Bankshares lowered their price objective on shares of ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Seven investment 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, the company currently has an average rating of "Buy" and a consensus target price of $44.56.
Check Out Our Latest Report on ADENTRA
ADENTRA Stock Performance
The firm has a 50-day moving average of $26.59 and a 200-day moving average of $31.76. The firm has a market capitalization of $484.49 million, a P/E ratio of 9.36 and a beta of 1.57.
ADENTRA Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 25th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Monday, April 14th. ADENTRA's dividend payout ratio is 19.10%.
About ADENTRA
(
Get Free Report)
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.
Further Reading
Before you consider ADENTRA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ADENTRA wasn't on the list.
While ADENTRA currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
