Daniel Brian Figgins Sells 7,800 Shares of ADENTRA Inc. (TSE:ADEN) Stock

ADENTRA Inc. (TSE:ADEN) Senior Officer Daniel Brian Figgins sold 7,800 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $38.76, for a total value 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 shares were sold at an average price of $39.06, for a total transaction of $42,965.12.

ADENTRA Stock Performance

Shares of TSE ADEN traded down $0.44 during mid-day trading on Friday, reaching $42.06. 14,113 shares of the company’s stock were exchanged, compared to its average volume of 66,288. The company’s 50-day moving average is $40.48 and its 200-day moving average is $34.18. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 16.08 and a beta of 1.57. ADENTRA Inc. has a 52-week low of $24.64 and a 52-week high of $45.25.

ADENTRA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 26th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Monday, July 15th. ADENTRA’s dividend payout ratio is presently 21.13%.

Wall Street Analyst Weigh In

A number of research firms have commented on ADEN. CIBC increased their price objective on shares of ADENTRA from C$52.00 to C$53.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. National Bankshares lifted their price objective 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. Stifel Nicolaus boosted their price objective on ADENTRA from C$50.00 to C$55.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Scotiabank raised their target price on ADENTRA from C$51.00 to C$52.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Finally, Cormark upped their price objective on shares of 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, According to MarketBeat.com, the stock currently 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.