ADENTRA (TSE:ADEN) Price Target Lowered to C$54.00 at Acumen Capital

ADENTRA (TSE:ADEN) had its price target trimmed by Acumen Capital from C$56.00 to C$54.00 in a research report released on Friday morning,BayStreet.CA reports.

Several other equities analysts also recently commented on the company. Stifel Nicolaus dropped their target price on ADENTRA from C$53.00 to C$50.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Cormark raised their price objective on ADENTRA from C$51.50 to C$56.50 in a research report on Tuesday, July 30th. National Bankshares raised their price objective on ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Scotiabank raised their price objective 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. Finally, CIBC raised their price objective 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.com, the company currently has a consensus rating of “Buy” and a consensus price target of $54.33.

ADENTRA Trading Down 4.2 %

Shares of ADENTRA stock traded down $1.69 on Friday, reaching $38.77. 106,300 shares of the company were exchanged, compared to its average volume of 62,738. The company has a market capitalization of $970.03 million, a price-to-earnings ratio of 14.58 and a beta of 1.57. ADENTRA has a one year low of $25.15 and a one year high of $45.25. The company has a 50-day moving average of $40.81 and a 200 day moving average of $37.54.

ADENTRA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 25th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.56 dividend on an annualized basis and a yield of 1.44%. ADENTRA’s dividend payout ratio (DPR) is currently 21.05%.

Insider Buying and Selling

In other ADENTRA news, Senior Officer Daniel Brian Figgins sold 7,800 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $38.76, for a total value of $302,328.00. 10.73% of the stock is currently owned by corporate insiders.

ADENTRA Company Profile

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.