Royal Bank of Canada Has Lowered Expectations for Acadian Timber (TSE:ADN) Stock Price

Acadian Timber (TSE:ADN) had its price objective dropped by stock analysts at Royal Bank of Canada from C$21.00 to C$19.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 11.83% from the company’s current price.

Acadian Timber Stock Performance

Shares of ADN stock opened at C$16.99 on Tuesday. The stock has a market capitalization of C$300.73 million, a price-to-earnings ratio of 10.65, a PEG ratio of -4.84 and a beta of 0.87. Acadian Timber has a one year low of C$16.33 and a one year high of C$18.48. The company’s 50-day simple moving average is C$17.24 and its 200-day simple moving average is C$17.57. The company has a debt-to-equity ratio of 32.89, a quick ratio of 1.04 and a current ratio of 0.43.

About Acadian Timber

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.