Shares of ADENTRA Inc. (TSE:ADEN - Get Free Report) traded down 0.9% during trading on Friday . The stock traded as low as $38.82 and last traded at $39.48. 44,398 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 64,797 shares. The stock had previously closed at $39.84.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on ADEN shares. Acumen Capital reduced their price target on ADENTRA from C$56.00 to C$54.00 in a report on Friday, November 15th. CIBC raised their target price on 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 upped their price target on shares of ADENTRA from C$57.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Monday, October 7th. Finally, Stifel Nicolaus reduced their price objective on shares of ADENTRA from C$53.00 to C$50.00 and set a "buy" rating for the company in a research note on Thursday, October 17th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, ADENTRA currently has a consensus rating of "Buy" and an average target price of $54.33.
Read Our Latest Research Report on ADENTRA
ADENTRA Trading Down 0.9 %
The stock has a market capitalization of $987.79 million, a PE ratio of 14.84 and a beta of 1.57. The company's 50 day simple moving average is $40.45 and its 200 day simple moving average is $38.59.
ADENTRA Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 25th were issued a $0.14 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.56 dividend on an annualized basis and a yield of 1.42%. ADENTRA's payout ratio is 21.05%.
Insider Activity
In related news, Senior Officer Daniel Brian Figgins sold 1,100 shares of the firm'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. Corporate insiders own 10.73% of the company's stock.
ADENTRA Company Profile
(
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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