Acadian Timber (TSE:ADN)‘s stock had its “outperform” rating restated by research analysts at Raymond James in a note issued to investors on Wednesday, BayStreet.CA reports. They presently have a C$20.50 price objective on the stock. Raymond James’ price objective suggests a potential upside of 21.88% from the stock’s previous close.
Separately, Royal Bank of Canada raised their target price on shares of Acadian Timber from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday.
Shares of ADN stock opened at C$16.82 on Wednesday. The company has a fifty day simple moving average of C$16.69. Acadian Timber has a 52 week low of C$14.25 and a 52 week high of C$19.99. The company has a debt-to-equity ratio of 32.88, a quick ratio of 2.08 and a current ratio of 2.34. The stock has a market cap of $276.67 million and a P/E ratio of 9.23.
Acadian Timber Company Profile
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 managements services relating to approximately 1.3 million acres of Crown licensed timberlands.
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