Acadian Timber Receives a Buy from Scotiabank

By Austin Angelo

Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Benoit Laprade from Scotiabank rated Acadian Timber (TSX: ADN) a Buy, setting a C$19.25 price target.

Laprade has an average return of 2.3% when recommending Acadian Timber.

According to TipRanks.com, Laprade is ranked #609 out of 4561 analysts.

Acadian Timber has an analyst consensus of Moderate Buy, with a price target consensus of C$19.13.

Acadian Timber’s market cap is currently C$300.3M and has a P/E ratio of 18.7.

Acadian Timber Corp. engages in the operation of timberland and supplies forest products. It owns and manages freehold timberlands in New Brunswick and Maine. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company was founded on January 1, 2010 and is headquartered in Vancouver, Canada.

The company’s shares closed last Thursday at $17.94.