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

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

A number of brokerages have issued reports on ADEN. Acumen Capital lowered their price objective on ADENTRA from C$56.00 to C$54.00 in a research note on Friday, November 15th. Raymond James set a C$60.00 price target on ADENTRA and gave the stock a “strong-buy” rating in a research report on Friday, December 20th. CIBC cut their price objective on shares of ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus decreased their target price on shares of ADENTRA from C$53.00 to C$50.00 and set a “buy” rating for the company in a report on Thursday, October 17th.

ADENTRA Stock Performance

Shares of ADEN opened at $34.42 on Friday. The firm’s 50-day simple moving average is $36.79 and its two-hundred day simple moving average is $39.32. ADENTRA has a fifty-two week low of $31.77 and a fifty-two week high of $45.25. The stock has a market cap of $861.19 million, a PE ratio of 12.94 and a beta of 1.57.

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 issued a $0.15 dividend. The ex-dividend date was Monday, January 20th. This represents a $0.60 annualized dividend and a yield of 1.74%. This is a boost from ADENTRA’s previous quarterly dividend of $0.14. 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.