Daniel Brian Figgins Sells 1,100 Shares of ADENTRA Inc. (TSE:ADEN) Stock

ADENTRA Inc. (TSE:ADEN) Senior Officer Daniel Brian Figgins sold 1,100 shares of ADENTRA stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $39.06, for a total value of $42,965.12.

ADENTRA Trading Down 0.3 %

Shares of ADENTRA stock opened at $39.88 on Friday. The stock has a fifty day simple moving average of $40.11 and a 200 day simple moving average of $33.73. ADENTRA Inc. has a 12-month low of $24.64 and a 12-month high of $45.25. The company has a market capitalization of $997.80 million, a P/E ratio of 15.16 and a beta of 1.57.

ADENTRA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 26th were given a $0.14 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.56 annualized dividend and a yield of 1.40%. ADENTRA’s dividend payout ratio is currently 21.29%.

Analysts Set New Price Targets

ADEN has been the subject of several recent research reports. Scotiabank boosted their price objective on ADENTRA from C$51.00 to C$52.50 and gave the company an “outperform” rating in a report on Tuesday, July 30th. CIBC boosted their price objective on ADENTRA from C$52.00 to C$53.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Acumen Capital boosted their price objective on ADENTRA from C$54.00 to C$56.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Stifel Nicolaus boosted their price objective on ADENTRA from C$50.00 to C$55.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Finally, Cormark upped their price target on ADENTRA from C$51.50 to C$56.50 in a report on Tuesday, July 30th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $55.14.

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.