Acadian Timber Corp (ADN) Receives Consensus Rating of “Buy” from Brokerages
Acadian Timber Corp (TSE:ADN) has been given an average rating of “Buy” by the seven brokerages that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$19.40.
A number of equities analysts have recently commented on ADN shares. Raymond James Financial Inc. raised Acadian Timber Corp from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 7th. Scotiabank reaffirmed an “outperform” rating and issued a C$20.00 price target on shares of Acadian Timber Corp in a report on Wednesday, August 3rd.
Acadian Timber Corp (TSE:ADN) opened at 17.35 on Wednesday. The firm has a 50-day moving average price of $18.08 and a 200-day moving average price of $17.87. Acadian Timber Corp has a one year low of $15.70 and a one year high of $20.83. The firm has a market cap of $290.28 million and a PE ratio of 13.77.
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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