Acadian Timber (ADN) Price Target Increased to C$18.00 by Analysts at CIBC
Acadian Timber (TSE:ADN) had its target price boosted by equities researchers at CIBC from C$17.00 to C$18.00 in a research note issued on Wednesday. CIBC’s price target would indicate a potential downside of 6.98% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. Raymond James Financial cut their price target on shares of Acadian Timber from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Scotiabank raised their price target on shares of Acadian Timber from C$18.50 to C$19.00 and gave the stock a “sector perform” rating in a research note on Friday, February 16th.
Acadian Timber (ADN) opened at C$19.35 on Wednesday. The company has a market cap of $323.75, a PE ratio of 10.52 and a beta of 0.28. Acadian Timber has a one year low of C$17.55 and a one year high of C$20.12.
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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 management services relating to approximately 1.3 million acres of Crown licensed timberlands.
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