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

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

ADEN has been the topic of a number of research reports. CIBC lowered their price objective on shares of ADENTRA from C$53.00 to C$49.00 in a research note on Wednesday, January 15th. Raymond James set a C$60.00 price objective on shares of ADENTRA and gave the stock a “strong-buy” rating in a research note on Friday, December 20th. Finally, Acumen Capital reduced their target price on ADENTRA from C$56.00 to C$54.00 in a research note on Friday, November 15th.

ADENTRA Trading Up 0.2 %

Shares of ADEN opened at $34.07 on Friday. ADENTRA has a twelve month low of $32.71 and a twelve month high of $45.25. The firm has a market capitalization of $601.55 million, a P/E ratio of 11.62 and a beta of 1.57. The firm’s 50-day moving average is $36.17 and its two-hundred day moving average is $39.12.

ADENTRA Increases Dividend

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

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.