Analysts Set Acadian Timber Corp (ADN) PT at $19.60
Shares of Acadian Timber Corp (TSE:ADN) have received an average recommendation of “Buy” from the seven brokerages that are presently covering the company. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$19.60.
A number of equities research analysts have recently issued reports on ADN shares. CIBC boosted their price target on shares of Acadian Timber Corp from C$16.00 to C$17.00 in a research note on Tuesday, November 1st. Scotiabank reissued an “outperform” rating and issued a C$20.00 price target on shares of Acadian Timber Corp in a research note on Friday, October 28th.
Shares of Acadian Timber Corp (TSE:ADN) opened at 17.24 on Wednesday. The firm has a market capitalization of $288.44 million and a P/E ratio of 10.80. Acadian Timber Corp has a 52 week low of $15.70 and a 52 week high of $20.83. The firm has a 50-day moving average of $17.54 and a 200 day moving average of $17.61.
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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