Acadian Timber (TSE:ADN - Get Free Report) had its price objective cut by Royal Bank of Canada from C$21.00 to C$19.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank of Canada's target price indicates a potential upside of 12.83% from the stock's current price.
Acadian Timber Stock Down 0.2 %
Shares of TSE:ADN traded down C$0.04 during trading on Tuesday, hitting C$16.84. 1,852 shares of the company were exchanged, compared to its average volume of 7,046. The stock has a market cap of C$298.07 million, a price-to-earnings ratio of 10.56, a P/E/G ratio of -4.84 and a beta of 0.87. Acadian Timber has a fifty-two week low of C$16.33 and a fifty-two week high of C$18.48. The firm has a fifty day moving average price of C$17.25 and a two-hundred day moving average price of C$17.58. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 32.89.
About Acadian Timber
(
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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.
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