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

Key Points

• The Royal Bank of Canada has downgraded Acadian Timber's price target from C$19.00 to C$18.00, indicating a potential upside of 13.42% based on the stock's previous close.
• Acadian Timber's stock fell 0.6% on Monday, closing at C$15.87 amidst lower trading volume compared to its average.
• The company's market cap is approximately C$287.61 million with a price-to-earnings ratio of 20.35 and a one-year trading range between C$15.85 and C$18.48.

Acadian Timber (TSE:ADN - Get Free Report) had its price target dropped by Royal Bank Of Canada from C$19.00 to C$18.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 13.42% from the stock's previous close.

Acadian Timber Stock Down 0.6%

Shares of ADN traded down C$0.10 during trading hours on Monday, reaching C$15.87. The company's stock had a trading volume of 10,909 shares, compared to its average volume of 8,269. The firm has a market cap of C$287.61 million, a price-to-earnings ratio of 20.35, a P/E/G ratio of -4.84 and a beta of 0.31. Acadian Timber has a 1-year low of C$15.85 and a 1-year high of C$18.48. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 32.89. The company has a 50 day moving average of C$17.22 and a two-hundred day moving average of 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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