ADENTRA Inc. (TSE:ADEN) Given Average Rating of “Buy” by Analysts

Shares of ADENTRA Inc. (TSE:ADEN) have received an average recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating.

ADEN has been the topic of a number of recent analyst reports. TD set a C$42.00 price target on shares of ADENTRA and gave the company a “buy” rating in a research report on Thursday, June 11th. Stifel Nicolaus raised their price objective on shares of ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Scotiabank cut their target price on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 28th.

ADENTRA Stock Performance

ADEN opened at $34.71 on Monday. The firm has a market cap of $840.92 million, a price-to-earnings ratio of 13.20 and a beta of 1.60. The firm’s 50-day simple moving average is $34.39 and its 200-day simple moving average is $35.54. ADENTRA has a twelve month low of $28.95 and a twelve month high of $41.20.

ADENTRA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, July 20th. ADENTRA’s dividend payout ratio (DPR) is currently 16.79%.

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.