Acadian Timber (TSE:ADN) PT Set at C$20.50 by Raymond James

Acadian Timber (TSE:ADN) has been given a C$20.50 price target by stock analysts at Raymond James in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 20.87% from the company’s current price.

Separately, Royal Bank of Canada lifted their price target on shares of Acadian Timber from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st.

TSE:ADN traded down C$0.04 during mid-day trading on Wednesday, reaching C$16.96. The stock had a trading volume of 12,573 shares, compared to its average volume of 11,025. The company has a debt-to-equity ratio of 32.58, a quick ratio of 2.41 and a current ratio of 2.51. The firm has a market capitalization of $281.20 million and a price-to-earnings ratio of 8.25. Acadian Timber has a twelve month low of C$14.25 and a twelve month high of C$19.50. The business has a 50 day simple moving average of C$16.67 and a 200 day simple moving average of C$16.76.

About Acadian Timber

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.

Further Reading: Trade War

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