Acadian Timber (TSE:ADN) Reaches New 52-Week Low on Analyst Downgrade

Key Points

• Acadian Timber Corp. shares hit a new 52-week low of C$15.85 after the Royal Bank of Canada reduced its price target for the stock from C$19.00 to C$18.00.
• The company's current market capitalization is C$286.89 million, with a P/E ratio of 20.29 and a significant debt-to-equity ratio of 32.89.
• Acadian Timber operates primarily in the Eastern Canada and Northeastern United States, focusing on products such as softwood and hardwood sawlogs, pulpwood, and biomass by-products.

Acadian Timber Corp. (TSE:ADN - ) shares reached a new 52-week low on Monday after Royal Bank Of Canada lowered their price target on the stock from C$19.00 to C$18.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Acadian Timber traded as low as C$15.85 and last traded at C$15.85, with a volume of 8969 shares. The stock had previously closed at C$15.97.

Acadian Timber Price Performance

The company has a debt-to-equity ratio of 32.89, a current ratio of 0.43 and a quick ratio of 1.04. The stock has a market cap of C$286.89 million, a P/E ratio of 20.29, a P/E/G ratio of -4.84 and a beta of 0.31. The company's 50 day simple moving average is C$17.22 and its 200 day simple moving average is C$17.50.

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.

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