Acadian Timber Corp Now Covered by Analysts at CIBC (ADN)
Research analysts at CIBC assumed coverage on shares of Acadian Timber Corp (TSE:ADN) in a report released on Wednesday. The firm set a “sector perform” rating and a C$15.00 price target on the stock. CIBC’s target price suggests a potential upside of 7.37% from the stock’s previous close.
Shares of Acadian Timber Corp (TSE:ADN) opened at 13.84 on Wednesday. Acadian Timber Corp has a 52 week low of $11.58 and a 52 week high of $14.15. The stock has a 50-day moving average of $13.54 and a 200-day moving average of $13.22. The company has a market cap of $231.6 million and a price-to-earnings ratio of 19.37.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.2063 per share. This represents a $0.83 annualized dividend and a dividend yield of 5.91%.
Separately, analysts at Raymond James initiated coverage on shares of Acadian Timber Corp in a research note on Monday, June 2nd. They set an “outperform” rating and a C$16.50 price target on the stock.
Acadian Timber Corp. (TSE:ADN) is a supplier of primary forest products in Eastern Canada and the Northeastern United States.
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