Raymond James set a C$21.00 price target on Acadian Timber (TSE:ADN – Get Rating) in a research note released on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Separately, Scotiabank upped their price objective on Acadian Timber from C$18.25 to C$18.75 in a report on Wednesday, January 12th.
TSE:ADN opened at C$18.65 on Thursday. Acadian Timber has a 1 year low of C$17.52 and a 1 year high of C$20.74. The stock has a market cap of C$311.21 million and a price-to-earnings ratio of 16.65. The business has a fifty day moving average of C$19.15 and a 200-day moving average of C$18.82. The company has a debt-to-equity ratio of 34.61, a quick ratio of 1.16 and a current ratio of 1.27.
The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, April 15th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 6.22%. The ex-dividend date was Wednesday, March 30th. Acadian Timber’s dividend payout ratio is 103.57%.
About Acadian Timber (Get Rating)
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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