Yesterday, an analyst has provided a rating update for Acadian Timber (ADN). The company received a Hold rating from CIBC’s analyst Hamir Patel, with a C$17 price target.
According to TipRanks.com, Patel is ranked #738 out of 5108 analysts.
Currently, the analyst consensus on Acadian Timber is a Hold with an average price target of C$18.
Acadian Timber’s market cap is currently C$243.8M and has a P/E ratio of 11. The company has a Price to Book ratio of 0.89.
Acadian Timber Corp. engages in the operation of timberland and supplies forest products. It operates through the following segments: New Brunswick Timberlands, Maine Timberlands, and Corporate. The company was founded on January 1, 2010 and is headquartered in Vancouver, Canada.
The company’s shares closed on Thursday at C$14.75, close to its 52-week low of C$14.25.
