Acadian Timber Corp. (TSE:ADN – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.12 and traded as high as C$18.19. Acadian Timber shares last traded at C$17.98, with a volume of 14,830 shares changing hands.
Analyst Ratings Changes
Separately, Royal Bank Of Canada lifted their price target on Acadian Timber from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Acadian Timber presently has an average rating of “Moderate Buy” and a consensus price target of C$18.25.
Read Our Latest Stock Report on Acadian Timber
Acadian Timber Stock Performance
Acadian Timber (TSE:ADN – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.19 earnings per share for the quarter. Acadian Timber had a net margin of 57.04% and a return on equity of 13.97%. The business had revenue of C$23.41 million for the quarter. On average, sell-side analysts anticipate that Acadian Timber Corp. will post 1.0095345 EPS for the current year.
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.
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