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

ADENTRA (TSE:ADEN) had its price target decreased by Acumen Capital from C$56.00 to C$54.00 in a research note issued to investors on Friday,BayStreet.CA reports.

ADEN has been the subject of a number of other research reports. Scotiabank upped their price target 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. Cormark raised their target price on ADENTRA from C$51.50 to C$56.50 in a report on Tuesday, July 30th. Stifel Nicolaus lowered their price target 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. National Bankshares lifted their price target on shares of ADENTRA from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Finally, CIBC increased their price target on ADENTRA from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $54.33.

ADENTRA Price Performance

Shares of TSE ADEN opened at $38.77 on Friday. The firm has a market cap of $970.03 million, a price-to-earnings ratio of 14.58 and a beta of 1.57. The stock’s fifty day moving average price is $40.81 and its two-hundred day moving average price is $37.63. ADENTRA has a one year low of $25.15 and a one year high of $45.25.

ADENTRA Announces Dividend

The firm also recently disclosed 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 was Tuesday, October 15th. ADENTRA’s dividend payout ratio is 21.05%.

Insider Transactions at ADENTRA

In related news, Senior Officer Daniel Brian Figgins sold 1,100 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $39.06, for a total value of $42,965.12. Insiders own 10.73% of the company’s stock.

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.