Trading Report: The Acadian Timber Corp (ADN) Given Average Recommendation of “Buy” by Analysts

The Acadian Timber Corp (ADN) Given Average Recommendation of “Buy” by Analysts

Shares of Acadian Timber Corp (TSE:ADN) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$19.40.

A number of research firms have weighed in on ADN. Scotiabank reissued an “outperform” rating and set a C$20.00 target price on shares of Acadian Timber Corp in a report on Wednesday, August 3rd. Raymond James Financial Inc. upgraded shares of Acadian Timber Corp from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, July 7th.

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