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

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 reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

ADEN has been the topic of a number of recent research reports. 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. National Bankshares increased their target price on shares of ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. CIBC reduced their price target on shares of ADENTRA from C$53.00 to C$49.00 in a report on Wednesday. Acumen Capital lowered their price target on shares of ADENTRA from C$56.00 to C$54.00 in a research report on Friday, November 15th. Finally, 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 report on Thursday, October 17th.

ADENTRA Stock Down 0.1 %

Shares of TSE:ADEN opened at $35.44 on Tuesday. The business’s 50 day moving average is $38.01 and its 200 day moving average is $39.53. The stock has a market cap of $886.71 million, a P/E ratio of 13.32 and a beta of 1.57. ADENTRA has a 52-week low of $31.21 and a 52-week high of $45.25.

ADENTRA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.69%. This is a boost from ADENTRA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, January 20th. ADENTRA’s payout ratio is presently 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.