ADENTRA Inc. (TSE:ADEN) Given Consensus Recommendation of “Buy” by Analysts

Shares of ADENTRA Inc. (TSE:ADEN) have been assigned a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company.

ADEN has been the topic of several research analyst reports. National Bankshares lifted their price target on ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Acumen Capital cut their target price on shares of ADENTRA from C$56.00 to C$54.00 in a report on Friday, November 15th. Stifel Nicolaus lowered their price objective on shares of ADENTRA from C$53.00 to C$50.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Raymond James set a C$60.00 price objective on shares of ADENTRA and gave the company a “strong-buy” rating in a research report on Friday, December 20th.

ADENTRA Stock Performance

Shares of ADENTRA stock opened at $36.78 on Friday. ADENTRA has a one year low of $29.81 and a one year high of $45.25. The company has a market cap of $920.24 million, a PE ratio of 13.83 and a beta of 1.57. The business has a 50-day simple moving average of $39.37 and a 200-day simple moving average of $39.41.

ADENTRA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 25th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.52%. ADENTRA’s dividend payout ratio (DPR) is currently 21.05%.

About ADENTRA

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.