Acadian Timber Corp (TSE:ADN) reached a new 52-week low on Wednesday . The company traded as low as C$16.54 and last traded at C$16.55, with a volume of 18255 shares changing hands. The stock had previously closed at C$16.89.
ADN has been the topic of a number of research analyst reports. Raymond James restated an “outperform” rating and issued a C$22.00 price target on shares of Acadian Timber in a research note on Thursday, November 1st. CIBC upgraded Acadian Timber from an “underperform” rating to a “neutral” rating and increased their price target for the company from C$19.00 to C$20.00 in a research note on Thursday, July 12th.
The company has a quick ratio of 2.82, a current ratio of 2.90 and a debt-to-equity ratio of 33.48.
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Acadian Timber Company Profile (TSE:ADN)
Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands.
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