ADENTRA Inc. (TSE:ADEN – Get Free Report) has received a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.
ADEN has been the topic of a number of analyst reports. National Bankshares raised their price objective on ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Stifel Nicolaus decreased their price target on 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. Raymond James set a C$60.00 price target on ADENTRA and gave the company a “strong-buy” rating in a research note on Friday. Finally, Acumen Capital reduced their price objective on shares of ADENTRA from C$56.00 to C$54.00 in a research note on Friday, November 15th.
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ADENTRA Price Performance
ADENTRA Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 25th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Tuesday, October 15th. ADENTRA’s 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.
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