ADENTRA Inc. (TSE:ADEN) Given Consensus Rating of “Buy” by Brokerages

ADENTRA Inc. (TSE:ADEN) has received an average recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company.

A number of research analysts recently issued reports on ADEN shares. CIBC reduced their price objective on ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday, January 15th. Acumen Capital dropped their price objective on shares of ADENTRA from C$56.00 to C$54.00 in a report on Friday, November 15th. Stifel Nicolaus cut 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 target price on shares of ADENTRA and gave the stock a “strong-buy” rating in a research report on Friday, December 20th.

ADENTRA Trading Down 2.9 %

Shares of ADEN opened at $33.60 on Friday. The firm has a market cap of $840.67 million, a price-to-earnings ratio of 12.63 and a beta of 1.57. ADENTRA has a 52 week low of $32.49 and a 52 week high of $45.25. The stock has a 50 day moving average of $36.43 and a 200-day moving average of $39.19.

ADENTRA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Monday, January 20th. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14. ADENTRA’s dividend payout ratio 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.