Cascades Stock Rating Reaffirmed by National Bank Financial (CAS)
Cascades (TSE:CAS)‘s stock had its “outperform” rating restated by equities research analysts at National Bank Financial in a research note issued to investors on Wednesday, Stock Ratings Network.com reports.
Separately, analysts at TD Securities upgraded shares of Cascades from a “hold” rating to a “buy” rating in a research note to investors on Friday, November 8th. They now have a C$7.00 price target on the stock, up previously from C$6.50. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cascades presently has an average rating of “Buy” and an average target price of C$6.41.
Shares of Cascades (TSE:CAS) traded down 1.45% during mid-day trading on Wednesday, hitting $6.81. The stock had a trading volume of 39,782 shares. Cascades has a 52-week low of $4.09 and a 52-week high of $6.95. The stock’s 50-day moving average is $6.61 and its 200-day moving average is $6.02. The company’s market cap is $639.4 million.
Cascades Inc (TSE:CAS), along with its subsidiaries produces, converts and markets packaging and tissue products composed mainly of recycled fibers.
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