Royal Bank of Canada Has Lowered Expectations for Acadian Timber (TSE:ADN) Stock Price

Acadian Timber (TSE:ADN - Free Report) had its target price reduced by Royal Bank of Canada from C$21.00 to C$19.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Acadian Timber Stock Up 0.9 %

ADN stock traded up C$0.16 during mid-day trading on Tuesday, reaching C$17.15. The company had a trading volume of 7,772 shares, compared to its average volume of 7,010. The firm has a fifty day simple moving average of C$17.22 and a 200 day simple moving average of C$17.55. The company has a debt-to-equity ratio of 32.89, a quick ratio of 1.04 and a current ratio of 0.43. The company has a market capitalization of C$303.56 million, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87. Acadian Timber has a fifty-two week low of C$16.33 and a fifty-two week high of C$18.48.

Acadian Timber Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend was Monday, March 31st. Acadian Timber's dividend payout ratio (DPR) is presently 72.71%.

About Acadian Timber

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.