Cascades Inc (CAS) Receives Consensus Rating of “Buy” from Brokerages
Cascades Inc (TSE:CAS) has been given an average recommendation of “Hold” by the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$16.71.
A number of equities analysts have recently issued reports on CAS shares. Royal Bank Of Canada downgraded Cascades from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$15.00 to C$16.00 in a research note on Wednesday, April 19th. Scotiabank downgraded Cascades from an “outperform” rating to a “sector perform” rating and set a C$17.00 price target on the stock. in a research note on Thursday, May 11th. TD Securities raised their price target on Cascades from C$16.50 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Ci Capital raised their price target on Cascades from C$17.00 to C$19.00 in a research note on Tuesday, July 4th. Finally, National Bank Financial upgraded Cascades from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 11th.
Cascades (CAS) opened at 15.54 on Friday. The stock’s 50 day moving average price is $17.04 and its 200-day moving average price is $14.88. Cascades has a 12 month low of $8.88 and a 12 month high of $18.20. The company has a market capitalization of $1.47 billion and a P/E ratio of 6.81.
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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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