ADENTRA Inc. (TSE:ADEN) Receives Consensus Recommendation of “Buy” from Brokerages

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

Several research firms have recently weighed in on ADEN. Raymond James set a C$60.00 target price on shares of ADENTRA and gave the company a “strong-buy” rating in a report on Friday, December 20th. Acumen Capital decreased their price objective on shares of ADENTRA from C$56.00 to C$54.00 in a research report on Friday, November 15th. National Bankshares raised their target price on ADENTRA from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Stifel Nicolaus reduced their price objective on shares of ADENTRA from C$53.00 to C$50.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, CIBC reduced their price target on shares of ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday.

ADENTRA Trading Down 0.1 %

Shares of ADEN stock opened at $35.44 on Tuesday. ADENTRA has a twelve month low of $31.21 and a twelve month high of $45.25. The stock has a market cap of $886.71 million, a P/E ratio of 13.32 and a beta of 1.57. The stock has a 50 day moving average of $38.01 and a 200 day moving average of $39.53.

ADENTRA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be paid a $0.15 dividend. This is an increase from ADENTRA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, January 20th. ADENTRA’s dividend payout ratio (DPR) is currently 21.05%.

ADENTRA Company Profile

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.