Cascades Stock Rating Reaffirmed by NBF (CAS)
Cascades (TSE:CAS)‘s stock had its “outperform” rating reaffirmed by NBF in a research note issued on Thursday, AR Network reports.
Cascades (TSE:CAS) traded down 1.30% during mid-day trading on Thursday, hitting $6.85. 57,203 shares of the company’s stock traded hands. Cascades has a one year low of $4.09 and a one year high of $6.95. The stock’s 50-day moving average is $6.63 and its 200-day moving average is $6.03. The company’s market cap is $643.1 million.
A number of other analysts have also recently weighed in on CAS. Analysts at National Bank Financial reiterated an “outperform” rating on shares of Cascades in a research note to investors on Wednesday. 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 equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$6.41.
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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