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

ADENTRA (TSE:ADEN) had its price objective cut by Acumen Capital from C$56.00 to C$54.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. National Bankshares upped their price objective on ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Scotiabank upped their price objective on ADENTRA from C$51.00 to C$52.50 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. CIBC upped their price objective on ADENTRA from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Cormark upped their price objective on ADENTRA from C$51.50 to C$56.50 in a report on Tuesday, July 30th. Finally, Stifel Nicolaus cut their price objective on ADENTRA from C$53.00 to C$50.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $54.33.

ADENTRA Trading Down 4.2 %

Shares of ADEN traded down $1.69 during midday trading on Friday, reaching $38.77. The stock had a trading volume of 106,300 shares, compared to its average volume of 62,738. The company’s 50-day moving average is $40.81 and its 200 day moving average is $37.54. ADENTRA has a 12-month low of $25.15 and a 12-month high of $45.25. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 25th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Tuesday, October 15th. ADENTRA’s dividend payout ratio (DPR) is presently 21.05%.

Insider Activity

In other ADENTRA news, Senior Officer Daniel Brian Figgins sold 7,800 shares of the stock in a transaction that occurred 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.