Cascades Inc (TSE:CAS) Receives Consensus Rating of “Buy” from Brokerages
Cascades Inc (TSE:CAS) has received an average rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$16.71.
A number of research analysts have recently commented on the stock. Scotiabank lifted their price objective on shares of Cascades from C$16.75 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, April 6th. TD Securities lifted their target price on shares of Cascades from C$16.50 to C$18.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. National Bank Financial raised shares of Cascades from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 11th. Ci Capital lifted their target price on shares of Cascades from C$17.00 to C$19.00 in a report on Friday, April 7th. Finally, CIBC lifted their target price on shares of Cascades from C$15.00 to C$17.00 in a report on Tuesday, March 7th.
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Shares of Cascades (TSE:CAS) opened at 17.69 on Monday. The stock has a market capitalization of $1.68 billion and a price-to-earnings ratio of 7.75. The stock’s 50 day moving average price is $16.46 and its 200-day moving average price is $14.20. Cascades has a 12 month low of $8.88 and a 12 month high of $17.73.
Cascades Company Profile
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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