Acadian Timber (ADN) Price Target Cut to C$22.00

Acadian Timber (TSE:ADN) had its price target dropped by investment analysts at Raymond James Financial from C$23.00 to C$22.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 15.18% from the stock’s previous close.

Separately, Scotiabank restated a “sector perform” rating and set a C$18.50 price target on shares of Acadian Timber in a report on Thursday, October 26th.

Shares of Acadian Timber (TSE:ADN) opened at C$19.10 on Thursday. Acadian Timber has a fifty-two week low of C$17.55 and a fifty-two week high of C$20.12. The stock has a market cap of $319.57, a PE ratio of 14.81 and a beta of 0.28.

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About Acadian Timber

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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