ADENTRA (TSE:ADEN) Stock Price Up 1.3% - Time to Buy?

ADENTRA Inc. (TSE:ADEN - Get Free Report)'s share price traded up 1.3% during mid-day trading on Friday . The company traded as high as $30.16 and last traded at $29.94. 31,648 shares were traded during mid-day trading, a decline of 53% from the average session volume of 67,439 shares. The stock had previously closed at $29.55.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Canaccord Genuity Group reduced their price objective on shares of 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. Scotiabank set a C$31.00 price target on shares of ADENTRA and gave the company a "sector perform" rating in a report on Thursday, June 19th. CIBC decreased their price target on shares of ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective on 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. Finally, Desjardins dropped their price objective 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. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, ADENTRA presently has an average rating of "Buy" and a consensus target price of $43.00.

ADENTRA Stock Down 0.2%

The company has a market capitalization of $527.74 million, a PE ratio of 10.19 and a beta of 1.57. The firm's 50-day moving average is $26.94 and its 200-day moving average is $30.23.

ADENTRA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 25th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Monday, July 14th. ADENTRA's dividend payout ratio (DPR) is currently 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.