Acadian Timber Corp (ADN) Given Average Recommendation of “Buy” by Analysts
Shares of Acadian Timber Corp (TSE:ADN) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$19.40.
A number of research firms have weighed in on ADN. Scotiabank reissued an “outperform” rating and set a C$20.00 target price on shares of Acadian Timber Corp in a report on Wednesday, August 3rd. Raymond James Financial Inc. upgraded shares of Acadian Timber Corp from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, July 7th.
Shares of Acadian Timber Corp (TSE:ADN) traded down 0.51% during midday trading on Wednesday, hitting $17.71. 4,570 shares of the stock traded hands. The firm has a 50-day moving average price of $18.11 and a 200-day moving average price of $17.89. The stock has a market capitalization of $296.31 million and a P/E ratio of 14.06. Acadian Timber Corp has a 52 week low of $15.70 and a 52 week high of $20.83.
About Acadian Timber Corp
Acadian Timber Corp. is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The Company owns and manages approximately 761,000 acres of freehold timberlands in New Brunswick (NB Timberlands), over 299,000 acres of freehold timberlands in Maine (Maine Timberlands) and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands.
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