The stock of Acadian Timber Corp (TSE:ADN) is a huge mover today! About 10,467 shares traded hands or 2.01% up from the average. Acadian Timber Corp (TSE:ADN) has declined 13.30% since April 5, 2016 and is downtrending. It has underperformed by 18.08% the S&P500.
The move comes after 6 months negative chart setup for the $281.44 million company. It was reported on Nov, 9 by Barchart.com. We have $15.21 PT which if reached, will make TSE:ADN worth $28.14 million less.
Acadian Timber Corp (TSE:ADN) Ratings Coverage
Out of 5 analysts covering Acadian Timber (TSE:ADN), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. $22 is the highest target while $16 is the lowest. The $19.60 average target is 15.98% above today’s ($16.9) stock price. Acadian Timber has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Acadian Timber Corp (TSE:ADN) earned “Strong Buy” rating by Raymond James on Thursday, July 7. Scotia Capital maintained Acadian Timber Corp (TSE:ADN) on Friday, October 28 with “Outperform” rating. Credit Suisse upgraded the stock to “Outperform” rating in Friday, February 12 report. The rating was upgraded by RBC Capital Markets to “Outperform” on Wednesday, May 25. The stock of Acadian Timber Corp (TSE:ADN) has “Neutral” rating given on Wednesday, May 11 by Credit Suisse.
More news for Acadian Timber Corp (TSE:ADN) were recently published by: Seekingalpha.com, which released: “Acadian Timber – Solid From The Ground Up” on February 11, 2016. Marketwired.com‘s article titled: “Acadian Timber Corp. Reports First Quarter Results” and published on May 09, 2016 is yet another important article.
Acadian Timber Corp. is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company has a market cap of $281.44 million. The Firm owns and manages approximately 761,000 acres of freehold timberlands in New Brunswick , over 299,000 acres of freehold timberlands in Maine (Maine Timberlands) and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands. It has a 13.66 P/E ratio. The Firm operates through two divisions: NB Timberlands and Maine Timberlands.
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