Scotiabank Reiterates Sector Perform Rating for Acadian Timber Corp (ADN)

Acadian Timber Corp (TSE:ADN)‘s stock had its “sector perform” rating reissued by Scotiabank in a research note issued on Thursday. They currently have a C$18.50 target price on the stock. Scotiabank’s price objective suggests a potential downside of 5.18% from the stock’s current price.

Acadian Timber Corp (TSE:ADN) traded up 0.88% during trading on Thursday, reaching $19.51. The company had a trading volume of 6,285 shares. The firm has a market capitalization of $326.42 million and a price-to-earnings ratio of 22.25. The stock has a 50 day moving average price of $19.17 and a 200 day moving average price of $18.62. Acadian Timber Corp has a 12 month low of $16.82 and a 12 month high of $20.12.

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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 (New Brunswick Timberlands), approximately 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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