Acadian Timber (TSE:ADN) Price Target Raised to C$18.75 at Scotiabank

Acadian Timber (TSE:ADN) had its target price boosted by Scotiabank from C$18.25 to C$18.75 in a report issued on Wednesday morning, BayStreet.CA reports.

Several other equities analysts also recently commented on ADN. Raymond James restated an outperform rating and issued a C$21.00 price target on shares of Acadian Timber in a research note on Thursday, October 28th. CIBC restated a sell rating and issued a C$17.00 price target on shares of Acadian Timber in a research note on Monday, September 20th.

ADN stock opened at C$18.99 on Wednesday. Acadian Timber has a one year low of C$15.97 and a one year high of C$21.57. The company has a debt-to-equity ratio of 34.76, a quick ratio of 1.12 and a current ratio of 1.17. The firm’s 50 day moving average price is C$18.51 and its 200-day moving average price is C$18.56. The firm has a market cap of C$316.89 million and a PE ratio of 11.69.

Acadian Timber (TSE:ADN) last posted its earnings results on Wednesday, October 27th. The company reported C$0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.26 by C($0.25). The company had revenue of C$22.66 million for the quarter. Equities research analysts predict that Acadian Timber will post 1.03 EPS for the current fiscal year.

About Acadian Timber

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates through 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 timber services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick.

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