Royal Bank Of Canada Issues Pessimistic Forecast for Acadian Timber (TSE:ADN) Stock Price

Acadian Timber (TSE:ADN) had its price objective dropped by investment analysts at Royal Bank Of Canada from C$18.00 to C$17.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 18.63% from the company’s previous close.

Acadian Timber Stock Up 0.6%

ADN stock opened at C$14.33 on Thursday. Acadian Timber has a 52 week low of C$13.98 and a 52 week high of C$18.43. The company has a market capitalization of C$259.70 million, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of -4.84 and a beta of 0.31. The firm’s 50-day moving average is C$16.66 and its two-hundred day moving average is C$17.39. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 32.89.

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.