ADENTRA (TSE:ADEN) Given New C$60.00 Price Target at National Bankshares

ADENTRA (TSE:ADEN) had its price target upped by National Bankshares from C$57.00 to C$60.00 in a report published on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on the company. Cormark boosted their price objective on ADENTRA from C$51.50 to C$56.50 in a research report on Tuesday, July 30th. Scotiabank boosted their price objective on ADENTRA from C$51.00 to C$52.50 and gave the stock an outperform rating in a research report on Tuesday, July 30th. Acumen Capital boosted their price objective on ADENTRA from C$54.00 to C$56.00 and gave the stock a buy rating in a research report on Tuesday, July 30th. 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 report on Tuesday, July 30th. Finally, CIBC upped their price target on ADENTRA from C$52.00 to C$53.00 and gave the company an outperform rating in a report on Tuesday, August 13th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, ADENTRA currently has a consensus rating of Buy and an average price target of $55.50.

ADENTRA Stock Performance

TSE ADEN opened at $42.84 on Monday. ADENTRA has a twelve month low of $24.64 and a twelve month high of $45.25. The stock has a market capitalization of $1.07 billion, a PE ratio of 16.11 and a beta of 1.57. The stock has a 50-day simple moving average of $41.03 and a 200 day simple moving average of $35.71.

ADENTRA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 25th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.56 annualized dividend and a yield of 1.31%. ADENTRA’s dividend payout ratio (DPR) is 21.05%.

Insider Buying and Selling at ADENTRA

In other 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. 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.