Cascades Inc (TSE:CAS) Given Average Recommendation of “Buy” by Analysts
Cascades Inc (TSE:CAS) has been given a consensus recommendation of “Buy” by the eight ratings firms that are covering the firm. Four equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have covered the stock in the last year is C$14.46.
CAS has been the topic of a number of research reports. Dundee Securities raised their price objective on Cascades from C$13.00 to C$15.00 in a report on Monday, September 19th. Royal Bank Of Canada reaffirmed a “sector underperform” rating and issued a C$8.00 price target on shares of Cascades in a research note on Monday, August 22nd. Desjardins reaffirmed a “hold” rating on shares of Cascades in a research note on Friday, September 16th. RBC Capital Markets lifted their price target on Cascades from C$11.00 to C$15.00 in a research note on Friday, September 23rd. Finally, National Bank Financial cut Cascades from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Friday, August 5th.
Cascades (TSE:CAS) traded up 5.51% during trading on Friday, hitting $12.84. The company’s stock had a trading volume of 127,839 shares. Cascades has a 12 month low of $7.72 and a 12 month high of $13.65. The firm has a 50 day moving average of $11.40 and a 200 day moving average of $9.78. The firm has a market cap of $1.21 billion and a P/E ratio of 21.73.
Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.
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