06:32:17 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Acadian Timber Corp
Symbol ADN
Shares Issued 17,108,241
Close 2023-09-08 C$ 18.33
Market Cap C$ 313,594,058
Recent Sedar Documents

Globe says Acadian Timber maintained at "neutral"

2023-09-08 08:13 ET - In the News

The Globe and Mail reports in its Friday, Sept. 8, edition that Credit Suisse analyst Andrew Kuske has reaffirmed his "neutral" recommendation for Acadian Timber. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kuske bumped his share target ahead by $1.50 to $18.50. Analysts on average target the shares at $17.38. Mr. Kuske says in a note: "Acadian Timber looks to be coming closer to a potential inflection point associated with part of the overall business. More specifically, after considerable time and effort, Acadian's progress on the carbon credit program can be evidenced with upside in recent numbers (1.9m credits) associated with the Q2 2023 results season." The Globe reported on Sept. 6, 2022, that Mr. Kuske had upgraded Acadian Timber to "neutral" from "underperform." The shares could then be had for $16.80.

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