ADENTRA (TSE:ADEN) Sets New 1-Year High – Here’s Why

by · The Markets Daily

ADENTRA Inc. (TSE:ADEN – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $36.90 and last traded at $36.90, with a volume of 11730 shares traded. The stock had previously closed at $36.00.

Analysts Set New Price Targets

ADEN has been the topic of a number of analyst reports. Raymond James Financial upped their target price on shares of ADENTRA from C$43.00 to C$46.00 in a research note on Tuesday, November 11th. Scotiabank lifted their price objective on ADENTRA from C$39.00 to C$40.00 in a report on Friday, October 17th. Stifel Nicolaus dropped their target price on ADENTRA from C$51.00 to C$45.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Desjardins raised their target price on ADENTRA from C$41.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Finally, CIBC boosted their price target on ADENTRA from C$41.00 to C$42.00 in a research note on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, ADENTRA has an average rating of “Moderate Buy”.

Check Out Our Latest Report on ADENTRA

ADENTRA Stock Up 5.5%

The stock has a market capitalization of $919.52 million, a price-to-earnings ratio of 21.57 and a beta of 1.61. The stock’s 50-day simple moving average is $33.44 and its 200 day simple moving average is $33.14.

ADENTRA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, October 20th. ADENTRA’s payout ratio is presently 23.93%.

ADENTRA Company Profile

(Get Free Report)

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.

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