ADENTRA Inc. (TSE:ADEN) Given Average Recommendation of “Buy” by Brokerages

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

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

ADENTRA Trading Up 0.2 %

Shares of TSE:ADEN opened at $34.07 on Friday. The firm has a market cap of $601.55 million, a PE ratio of 11.62 and a beta of 1.57. The company has a fifty day simple moving average of $36.17 and a 200 day simple moving average of $39.12. ADENTRA has a 12-month low of $32.71 and a 12-month high of $45.25.

ADENTRA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were issued a $0.15 dividend. This is an increase from ADENTRA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, January 20th. This represents a $0.60 annualized dividend and a dividend yield of 1.76%. ADENTRA’s dividend payout ratio (DPR) is 19.10%.

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.