Acadian Timber (TSE:ADN) Price Target Cut to C$19.00 by Analysts at Royal Bank of Canada

Acadian Timber (TSE:ADN) had its price target lowered by Royal Bank of Canada from C$21.00 to C$19.00 in a research report report published on Tuesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Acadian Timber Trading Up 0.2 %

TSE ADN opened at C$16.92 on Tuesday. The firm has a market capitalization of C$299.49 million, a PE ratio of 10.61, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87. Acadian Timber has a one year low of C$16.33 and a one year high of C$18.48. The company has a 50-day simple moving average of C$17.25 and a 200-day simple moving average of C$17.57. The company has a debt-to-equity ratio of 32.89, a quick ratio of 1.04 and a current ratio of 0.43.

Acadian Timber Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend was Monday, March 31st. Acadian Timber’s payout ratio is 72.71%.

Acadian Timber Company Profile

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.