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

Acadian Timber (TSE:ADN) had its price target decreased by analysts at Royal Bank Of Canada from C$19.00 to C$18.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 15.61% from the company’s current price.

Acadian Timber Stock Performance

ADN opened at C$15.57 on Monday. The company has a market capitalization of C$282.18 million, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of -4.84 and a beta of 0.31. The company has a debt-to-equity ratio of 32.89, a current ratio of 0.43 and a quick ratio of 1.04. Acadian Timber has a 1-year low of C$15.57 and a 1-year high of C$18.48. The business has a 50 day moving average price of C$17.13 and a two-hundred day moving average price of C$17.48.

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.