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 dated 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

ADEN traded down $0.90 during trading on Friday, reaching $41.60. 59,068 shares of the stock were exchanged, compared to its average volume of 66,533. The stock's 50 day moving average price is $40.57 and its two-hundred day moving average price is $34.28. ADENTRA Inc. has a twelve month low of $24.64 and a twelve month high of $45.25. The stock has a market cap of $1.04 billion, a P/E ratio of 15.70 and a beta of 1.57.

ADENTRA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 26th were issued a $0.14 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.35%. ADENTRA's payout ratio is 21.13%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ADEN. Cormark boosted their price target on shares of ADENTRA from C$51.50 to C$56.50 in a report on Tuesday, July 30th. National Bankshares boosted their target price on ADENTRA from C$53.00 to C$57.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. CIBC raised their price target 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. Stifel Nicolaus boosted their price objective on ADENTRA from C$50.00 to C$55.00 and gave the company a "buy" rating in a research report on Tuesday, July 30th. Finally, Scotiabank raised their target price 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, ADENTRA presently has an average rating of "Buy" and a consensus price target of $55.14.

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.