Insider Selling: ADENTRA Inc. (TSE:ADEN) Senior Officer Sells 7,800 Shares of Stock

ADENTRA Inc. (TSE:ADEN - Get Free Report) Senior Officer Daniel Brian Figgins sold 7,800 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $38.76, for a total transaction of $302,328.00.

Daniel Brian Figgins also recently made the following trade(s):

  • On Wednesday, September 11th, Daniel Brian Figgins sold 1,100 shares of ADENTRA stock. The stock was sold at an average price of $39.06, for a total transaction of $42,965.12.

ADENTRA Price Performance

TSE:ADEN opened at $41.60 on Friday. The company has a market capitalization of $1.04 billion, a PE ratio of 15.70 and a beta of 1.57. The firm's 50-day moving average price is $40.57 and its 200-day moving average price is $34.28. ADENTRA Inc. has a 1-year low of $24.64 and a 1-year high of $45.25.

ADENTRA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 26th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Monday, July 15th. ADENTRA's dividend payout ratio is currently 21.13%.

Analyst Upgrades and Downgrades

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


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Read Our Latest Research Report on ADEN

About ADENTRA

(Get Free Report)

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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