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 the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $39.06, for a total value of $42,965.12.

ADENTRA Stock Performance

Shares of TSE:ADEN traded down $0.31 on Thursday, hitting $39.83. The company’s stock had a trading volume of 32,104 shares, compared to its average volume of 66,628. 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 $996.55 million, a price-to-earnings ratio of 15.26 and a beta of 1.57. The stock’s 50-day moving average is $39.96 and its two-hundred day moving average is $33.58.

ADENTRA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 26th were paid a $0.14 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.56 annualized dividend and a dividend yield of 1.41%. ADENTRA’s payout ratio is 21.29%.

Analysts Set New Price Targets

ADEN has been the topic of several research reports. Acumen Capital upped their price target on ADENTRA from C$54.00 to C$56.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Stifel Nicolaus increased their target price on ADENTRA from C$50.00 to C$55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Scotiabank increased their target price on ADENTRA from C$51.00 to C$52.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. National Bankshares increased their target price on ADENTRA from C$53.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, CIBC increased their target price on ADENTRA from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus 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.