Raymond James set a C$20.50 price target on Acadian Timber (TSE:ADN) in a research report released on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, Royal Bank of Canada upped their price objective on shares of Acadian Timber from C$19.00 to C$20.00 and gave the company an outperform rating in a report on Wednesday, July 31st.

Shares of ADN stock opened at C$16.46 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 2.41 and a debt-to-equity ratio of 32.58. The firm has a market capitalization of $274.67 million and a PE ratio of 8.01. The firm has a fifty day simple moving average of C$16.69 and a two-hundred day simple moving average of C$16.74. Acadian Timber has a 12 month low of C$14.25 and a 12 month high of C$19.50.

About Acadian Timber

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides managements services relating to approximately 1.3 million acres of Crown licensed timberlands.

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